TechnipFMC plc (NYSE:FTI - Get Free Report) CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
TechnipFMC Stock Performance
FTI stock traded up $0.75 during midday trading on Friday, reaching $27.25. 3,922,787 shares of the company's stock traded hands, compared to its average volume of 3,755,087. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The stock has a market cap of $11.46 billion, a P/E ratio of 17.92 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 stock's 50-day moving average is $30.07 and its 200 day moving average is $28.59.
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 paid a $0.05 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. 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. Barclays lifted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. TD Cowen reaffirmed a "buy" rating and issued a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. Royal Bank of Canada began coverage on shares of TechnipFMC in a report on Monday, November 18th. They issued an "outperform" rating and a $37.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $36.31.
Read Our Latest Research Report on TechnipFMC
Institutional Trading of TechnipFMC
Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of TechnipFMC in the fourth quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of TechnipFMC in the fourth quarter worth $46,000. EverSource Wealth Advisors LLC increased its stake in shares of TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of TechnipFMC by 48.2% in 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 purchasing an additional 563 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.
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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