TechnipFMC plc (NYSE:FTI - Get Free Report) CAO David Light sold 10,147 shares of the 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 completion of the sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TechnipFMC Stock Up 2.8 %
Shares of TechnipFMC stock traded up $0.75 on Friday, reaching $27.25. The company's stock had a trading volume of 3,922,787 shares, compared to its average volume of 3,733,476. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.92 and a beta of 1.54. The firm's fifty day simple moving average is $30.07 and its two-hundred day simple moving average is $28.60. TechnipFMC plc has a 52 week low of $22.99 and a 52 week high of $33.45. 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 announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, March 18th. TechnipFMC's payout ratio is 10.42%.
Analysts Set New Price Targets
Several research firms have weighed in on FTI. Evercore ISI increased their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. The Goldman Sachs Group assumed coverage on TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 target price for the company. Jefferies Financial Group raised TechnipFMC from a "hold" rating to a "buy" rating and increased their target price for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Barclays increased their target price on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Finally, Piper Sandler increased 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. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $36.31.
Read Our Latest Report on FTI
Institutional Trading of TechnipFMC
A number of institutional investors and hedge funds have recently modified their holdings of FTI. Baker Tilly Wealth Management LLC lifted its position in TechnipFMC by 4.1% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock valued at $248,000 after purchasing an additional 338 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after acquiring an additional 357 shares during the period. Sigma Planning Corp boosted its stake in shares of TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after acquiring an additional 363 shares during the period. GAMMA Investing LLC boosted its stake in shares of TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after acquiring an additional 414 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 423 shares during the period. Institutional investors own 96.58% of the company's stock.
About TechnipFMC
(
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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.
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