TechnipFMC (NYSE:FTI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of TechnipFMC (NYSE:FTI - Free Report) from a buy rating to a hold rating in a research note released on Thursday.

Several other equities research analysts have also commented on FTI. TD Cowen reaffirmed a "buy" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Wednesday, November 27th. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and lifted their price target for the company from $29.00 to $40.00 in a research report on Friday, December 6th. The Goldman Sachs Group initiated coverage on TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective on the stock. Finally, 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. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.31.

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TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.55 during trading on Thursday, hitting $31.73. The stock had a trading volume of 5,215,788 shares, compared to its average volume of 3,853,841. 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 has a 12-month low of $22.99 and a 12-month high of $33.45. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 20.88 and a beta of 1.54. The stock has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $28.99.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given 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 0.63%. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following 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 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 company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,706 shares of company stock worth $1,651,665. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $46,000. Smartleaf Asset Management LLC grew its holdings in 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 buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of TechnipFMC in the 4th quarter worth $45,000. EverSource Wealth Advisors LLC increased 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 worth $49,000 after acquiring an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC raised 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 acquiring an additional 563 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

About TechnipFMC

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.