TechnipFMC plc (NYSE:FTI - Get Free Report) EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
TechnipFMC Price Performance
Shares of FTI stock traded up $0.75 during trading hours on Friday, hitting $27.25. The company had a trading volume of 3,922,787 shares, compared to its average volume of 3,755,087. TechnipFMC plc has a 12 month low of $22.99 and a 12 month high of $33.45. The firm 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 moving average is $30.07 and its 200 day moving average is $28.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.
TechnipFMC Dividend Announcement
The business 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 annualized dividend and a dividend yield of 0.73%. TechnipFMC's dividend payout ratio is currently 10.42%.
Institutional Investors Weigh In On TechnipFMC
Several large investors have recently modified their holdings of FTI. Baker Tilly Wealth Management LLC lifted its holdings in TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after buying an additional 338 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in TechnipFMC by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after buying an additional 357 shares in the last quarter. Sigma Planning Corp lifted its holdings in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after buying an additional 363 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after buying an additional 414 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in TechnipFMC by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after buying an additional 423 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Piper Sandler boosted their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Evercore ISI lifted their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. The Goldman Sachs Group initiated coverage on TechnipFMC in a research note on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective on the stock. Barclays lifted their price objective on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, TD Cowen reiterated a "buy" rating and issued a $37.00 price objective on shares of TechnipFMC in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of "Buy" and a consensus price target of $36.31.
View Our Latest Analysis on FTI
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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