Loomis Sayles & Co. L P Grows Position in TechnipFMC plc (NYSE:FTI)

Loomis Sayles & Co. L P lifted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 1,944.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,427 shares of the oil and gas company's stock after buying an additional 367,522 shares during the period. Loomis Sayles & Co. L P owned approximately 0.09% of TechnipFMC worth $11,183,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FTI. Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after acquiring an additional 1,623,864 shares during the last quarter. State Street Corp grew its position in TechnipFMC by 1.7% in the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock worth $215,100,000 after purchasing an additional 133,775 shares during the period. American Century Companies Inc. raised its stake in TechnipFMC by 1.2% during the 4th quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock valued at $111,982,000 after buying an additional 46,224 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $105,618,000 after buying an additional 249,719 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after buying an additional 679,748 shares during the period. 96.58% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

FTI has been the subject of a number of research reports. Evercore ISI upped their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a "buy" rating and a $38.00 target price for the company. Barclays increased their price target on shares of 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. Finally, Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and lifted their target price for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Two 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 MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and an average price target of $36.31.

Insider Activity

In other TechnipFMC news, CAO David Light sold 10,147 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at $187,472.10. This represents a 57.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC 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 sale, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by insiders.

TechnipFMC Trading Down 7.3 %

Shares of FTI traded down $2.39 during midday trading on Thursday, hitting $30.23. The stock had a trading volume of 3,437,921 shares, compared to its average volume of 3,856,233. The stock's 50 day moving average is $29.55 and its 200 day moving average is $29.07. The firm has a market cap of $12.71 billion, a PE ratio of 19.89 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 1 year low of $22.99 and a 1 year high of $33.45.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

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.