TechnipFMC plc (NYSE:FTI) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 32.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 616,435 shares of the oil and gas company's stock after selling 292,501 shares during the period. Cerity Partners LLC owned about 0.14% of TechnipFMC worth $16,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of 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 valued at $215,100,000 after purchasing an additional 133,775 shares during the period. XTX Topco Ltd increased its holdings in TechnipFMC by 22.8% in the third quarter. XTX Topco Ltd now owns 34,271 shares of the oil and gas company's stock valued at $899,000 after buying an additional 6,355 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of TechnipFMC in the third quarter worth about $4,086,000. M&T Bank Corp boosted its stake in shares of TechnipFMC by 18.8% during the 3rd quarter. M&T Bank Corp now owns 20,602 shares of the oil and gas company's stock worth $541,000 after acquiring an additional 3,255 shares in the last quarter. Finally, TCW Group Inc. acquired a new stake in TechnipFMC in the third quarter valued at approximately $6,049,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on FTI. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI boosted their price target 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. Barclays increased their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Susquehanna dropped their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday. Finally, Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.15.

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Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Trading Up 0.6 %

NYSE:FTI traded up $0.15 during trading hours on Tuesday, reaching $25.52. 1,077,117 shares of the stock were exchanged, compared to its average volume of 3,905,912. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45. 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 has a 50-day moving average of $28.43 and a two-hundred day moving average of $29.00. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 16.78 and a beta of 1.11.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders 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 0.78%. TechnipFMC's dividend payout ratio is presently 10.42%.

TechnipFMC 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.