TechnipFMC plc (NYSE:FTI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,949,692 shares of the oil and gas company's stock after selling 7,980,943 shares during the period. Price T Rowe Associates Inc. MD owned approximately 11.51% of TechnipFMC worth $1,416,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTI. Smartleaf Asset Management LLC raised its holdings 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 during the period. Compagnie Lombard Odier SCmA purchased a new position in TechnipFMC during the fourth quarter worth about $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC in the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC grew 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 buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC increased 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 buying an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock valued at $1,651,665 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on FTI. Barclays upped their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Susquehanna lowered their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Evercore ISI boosted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Piper Sandler lifted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.83.

TechnipFMC Stock Up 3.1 %

TechnipFMC stock traded up $0.86 during mid-day trading on Friday, reaching $28.36. 6,006,081 shares of the company's stock were exchanged, compared to its average volume of 3,979,967. The company has a fifty day moving average of $27.52 and a 200-day moving average of $28.90. The company has a market cap of $11.93 billion, a P/E ratio of 18.66 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. Sell-side analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

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 dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. TechnipFMC's payout ratio is 10.42%.

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.