Natixis Advisors LLC Acquires 85,112 Shares of TechnipFMC plc (NYSE:FTI)

Natixis Advisors LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 77.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,442 shares of the oil and gas company's stock after purchasing an additional 85,112 shares during the period. Natixis Advisors LLC's holdings in TechnipFMC were worth $5,627,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC in the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in TechnipFMC in the 4th quarter worth about $46,000. EverSource Wealth Advisors LLC raised its holdings in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after buying an additional 563 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Insider Activity

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,706 shares of company stock worth $1,651,665. 1.06% of the stock is owned by corporate insiders.

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TechnipFMC Stock Up 1.8 %

NYSE:FTI traded up $0.54 during mid-day trading on Tuesday, reaching $30.38. The stock had a trading volume of 3,626,511 shares, compared to its average volume of 3,758,656. The stock has a market cap of $12.78 billion, a P/E ratio of 19.99 and a beta of 1.54. The business's 50 day moving average is $29.65 and its 200 day moving average is $28.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a fifty-two week low of $22.99 and a fifty-two week high of $33.45.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. TechnipFMC's dividend payout ratio (DPR) is 10.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTI. Barclays lifted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Evercore ISI lifted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. TD Cowen restated a "buy" rating and issued a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. The Goldman Sachs Group began coverage on TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 target price for the company. Finally, Jefferies Financial Group raised TechnipFMC from a "hold" rating to a "buy" rating and increased their price objective for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $36.31.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.