LPL Financial LLC Acquires 36,652 Shares of TechnipFMC plc (NYSE:FTI)

LPL Financial LLC boosted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,621 shares of the oil and gas company's stock after acquiring an additional 36,652 shares during the quarter. LPL Financial LLC owned 0.10% of TechnipFMC worth $12,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baker Tilly Wealth Management LLC boosted its stake in shares of 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 during the period. Yousif Capital Management LLC boosted its position 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 valued at $236,000 after buying an additional 357 shares during the period. Sigma Planning Corp increased its position 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 valued at $334,000 after acquiring an additional 363 shares during the period. GAMMA Investing LLC increased 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 valued at $66,000 after purchasing an additional 414 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in TechnipFMC by 3.8% in 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 during the period. 96.58% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred 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 sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction that occurred 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 transaction, 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. Insiders have sold a total of 61,706 shares of company stock worth $1,651,665 over the last 90 days. 1.80% of the stock is currently owned by insiders.

TechnipFMC Stock Down 4.2 %

Shares of FTI traded down $1.05 during trading hours on Monday, hitting $24.11. The company had a trading volume of 6,904,813 shares, compared to its average volume of 3,898,483. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The firm has a fifty day moving average price of $29.25 and a 200-day moving average price of $29.11. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 15.86 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. TechnipFMC's dividend payout ratio is presently 10.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI lifted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Barclays raised their target price on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group began coverage on TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average price target of $36.31.

TechnipFMC Company Profile

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.