Schroder Investment Management Group Takes Position in TechnipFMC plc (NYSE:FTI)

Schroder Investment Management Group purchased a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 169,826 shares of the oil and gas company's stock, valued at approximately $4,916,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after acquiring an additional 1,623,864 shares during the period. State Street Corp boosted its holdings in shares of TechnipFMC by 1.7% in the third quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock worth $215,100,000 after buying an additional 133,775 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of TechnipFMC by 1.2% in the fourth quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock worth $111,982,000 after buying an additional 46,224 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of TechnipFMC by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after buying an additional 249,719 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of TechnipFMC by 23.0% in the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after buying an additional 679,748 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms recently issued reports on FTI. Evercore ISI raised their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. 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 report on Friday, February 28th. Barclays lifted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a report on Friday, December 13th. They set a "buy" rating and a $38.00 price target on the stock. Two 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 stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average target price of $36.31.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Justin Rounce sold 42,178 shares of the 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 over the last three months. 1.80% of the stock is owned by company insiders.

TechnipFMC Stock Down 6.0 %

NYSE:FTI traded down $1.57 during mid-day trading on Thursday, reaching $24.61. The company's stock had a trading volume of 959,344 shares, compared to its average volume of 3,912,879. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The stock has a fifty day moving average of $28.80 and a 200-day moving average of $29.01. The firm has a market capitalization of $10.35 billion, a PE ratio of 16.19 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

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.