TechnipFMC plc (NYSE:FTI) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC cut its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 378,334 shares of the oil and gas company's stock after selling 18,120 shares during the period. TechnipFMC comprises approximately 1.3% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Keeley Teton Advisors LLC owned approximately 0.09% of TechnipFMC worth $10,949,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC boosted its holdings in TechnipFMC by 4.1% in 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 acquiring an additional 338 shares during the last quarter. Yousif Capital Management LLC raised its stake in TechnipFMC by 4.6% during the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after buying an additional 357 shares during the last quarter. Sigma Planning Corp boosted its position in TechnipFMC by 3.3% during 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 last quarter. GAMMA Investing LLC grew 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 worth $66,000 after acquiring an additional 414 shares during the period. Finally, Ballentine Partners LLC increased its holdings in TechnipFMC by 3.8% during the fourth 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 last quarter. 96.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was 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 position. 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 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.55 during midday trading on Friday, reaching $25.54. 3,377,478 shares of the company traded hands, compared to its average volume of 3,950,830. 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 12 month low of $22.12 and a 12 month high of $33.45. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 16.80 and a beta of 1.11. The business has a 50 day moving average of $27.95 and a two-hundred day moving average of $28.93.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

Analyst Upgrades and Downgrades

FTI has been the subject of several analyst reports. Evercore ISI raised their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Susquehanna lowered their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Barclays lifted their price objective on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.15.

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.