Segall Bryant & Hamill LLC Has $15.19 Million Holdings in TechnipFMC plc (NYSE:FTI)

Segall Bryant & Hamill LLC decreased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,911 shares of the oil and gas company's stock after selling 23,647 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.14% of TechnipFMC worth $15,185,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FTI. Raymond James & Associates increased its position in TechnipFMC by 12.0% during the second quarter. Raymond James & Associates now owns 339,386 shares of the oil and gas company's stock worth $8,875,000 after acquiring an additional 36,326 shares during the period. Atria Investments Inc bought a new stake in shares of TechnipFMC in the first quarter valued at approximately $1,684,000. 1832 Asset Management L.P. grew its position in TechnipFMC by 70.6% during the first quarter. 1832 Asset Management L.P. now owns 54,735 shares of the oil and gas company's stock worth $1,374,000 after buying an additional 22,645 shares in the last quarter. ING Groep NV increased its stake in TechnipFMC by 15.3% during the 3rd quarter. ING Groep NV now owns 865,294 shares of the oil and gas company's stock worth $22,697,000 after acquiring an additional 114,600 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in TechnipFMC in the 1st quarter valued at $1,421,000. Institutional investors own 96.58% of the company's stock.

TechnipFMC Trading Up 0.9 %

Shares of NYSE FTI opened at $29.02 on Thursday. The firm has a 50 day moving average price of $26.84 and a two-hundred day moving average price of $26.42. The stock has a market cap of $12.35 billion, a P/E ratio of 19.09 and a beta of 1.51. TechnipFMC plc has a 52-week low of $18.33 and a 52-week high of $29.85. 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 (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business posted $0.21 earnings per share. TechnipFMC's quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that TechnipFMC plc will post 1.55 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, November 19th. TechnipFMC's dividend payout ratio (DPR) is presently 13.16%.

TechnipFMC announced that its board has authorized a stock repurchase plan on Wednesday, October 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the oil and gas company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research report on Monday. They set an "outperform" rating and a $37.00 price target on the stock. Susquehanna boosted their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research report on Friday, October 25th. Citigroup raised their target price on TechnipFMC from $34.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TechnipFMC presently has a consensus rating of "Buy" and a consensus price target of $33.91.

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.