Invesco Ltd. Has $182.97 Million Holdings in TechnipFMC plc (NYSE:FTI)

Invesco Ltd. lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,322,293 shares of the oil and gas company's stock after selling 645,374 shares during the period. Invesco Ltd. owned approximately 1.49% of TechnipFMC worth $182,967,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after buying an additional 679,748 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after purchasing an additional 4,314 shares during the last quarter. Park Avenue Securities LLC bought a new stake in TechnipFMC in the 4th quarter valued at $519,000. Raymond James Financial Inc. acquired a new stake in TechnipFMC in the 4th quarter worth $9,152,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after purchasing an additional 249,719 shares during the period. Institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of recent research reports. Barclays lifted 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. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna decreased 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. Evercore ISI raised their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Finally, Piper Sandler raised 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. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.15.

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TechnipFMC Price Performance

Shares of NYSE FTI traded down $0.31 during trading on Tuesday, reaching $25.06. The company had a trading volume of 3,636,906 shares, compared to its average volume of 3,915,871. TechnipFMC plc has a 52 week low of $22.12 and a 52 week high of $33.45. The business's 50 day moving average price is $28.43 and its 200-day moving average price is $29.00. The stock has a market cap of $10.54 billion, a PE ratio of 16.49 and a beta of 1.11. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. TechnipFMC's payout ratio is 10.42%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction on 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 owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was a 8.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the transaction, the executive vice president now directly 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 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. Company insiders own 1.80% of the company's stock.

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.