TechnipFMC (NYSE:FTI) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of TechnipFMC (NYSE:FTI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research analysts have also recently issued reports on the company. Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. TD Cowen reiterated a "buy" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group raised TechnipFMC from a "hold" rating to a "buy" rating and boosted their price target for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Two investment 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 data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus price target of $36.31.

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TechnipFMC Stock Up 0.9 %

FTI stock traded up $0.30 during midday trading on Thursday, hitting $31.48. 1,872,211 shares of the company's stock were exchanged, compared to its average volume of 3,841,077. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 20.70 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $29.56 and a 200-day moving average price of $28.94. TechnipFMC has a 12-month low of $22.99 and a 12-month high of $33.45.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's payout ratio is presently 10.42%.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $279,178.56. Following the sale, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC during the 4th quarter valued at about $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC in the fourth quarter valued at about $46,000. EverSource Wealth Advisors LLC grew its stake in TechnipFMC by 393.5% during the fourth 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 last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of 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 worth $50,000 after buying an additional 563 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

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.