NewEdge Advisors LLC Has $3.11 Million Stock Holdings in TechnipFMC plc (NYSE:FTI)

NewEdge Advisors LLC increased its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,541 shares of the oil and gas company's stock after acquiring an additional 20,073 shares during the period. NewEdge Advisors LLC's holdings in TechnipFMC were worth $3,112,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Susquehanna reduced their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Barclays lifted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.15.

TechnipFMC Trading Up 9.9 %

Shares of TechnipFMC stock traded up $2.49 during trading hours on Thursday, hitting $27.52. The company's stock had a trading volume of 8,411,375 shares, compared to its average volume of 3,987,715. TechnipFMC plc has a 12 month low of $22.12 and a 12 month high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The company has a market capitalization of $11.57 billion, a PE ratio of 18.11 and a beta of 1.11. The stock has a 50 day moving average of $27.63 and a 200 day moving average of $28.88.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. Analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. TechnipFMC's dividend payout ratio is presently 10.42%.

Insiders Place Their Bets

In related news, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC 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.