TechnipFMC plc (NYSE:FTI) Declares $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Stockholders of record on Tuesday, May 20th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%.

TechnipFMC has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 9.9%.

TechnipFMC Trading Up 2.1 %

FTI traded up $0.52 on Tuesday, hitting $25.21. The company had a trading volume of 4,501,030 shares, compared to its average volume of 3,951,238. The company has a market cap of $10.60 billion, a PE ratio of 16.58 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. The business's fifty day simple moving average is $27.84 and its 200 day simple moving average is $28.93. TechnipFMC has a 12-month low of $22.12 and a 12-month high of $33.45.

Insider Activity at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of the firm's 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company's stock, 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. In the last 90 days, insiders have sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of recent analyst reports. Piper Sandler lifted 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. Susquehanna cut their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Barclays raised their price objective on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Evercore ISI boosted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average target price of $36.15.

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.

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