Vanguard Group Inc. Increases Stake in TechnipFMC plc (NYSE:FTI)

Vanguard Group Inc. boosted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,793,925 shares of the oil and gas company's stock after buying an additional 1,623,864 shares during the period. Vanguard Group Inc. owned approximately 9.59% of TechnipFMC worth $1,180,576,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC in the fourth quarter worth about $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TechnipFMC during the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC grew its stake in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after buying an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after buying an additional 563 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In related news, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. The trade was a 23.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several brokerages have commented on FTI. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and upped their price target for the stock from $29.00 to $40.00 in a report on Friday, December 6th. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a report on Friday, December 13th. They set a "buy" rating and a $38.00 price objective for the company. Barclays upped their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Evercore ISI lifted their price target 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. Two investment 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.31.

TechnipFMC Stock Up 1.5 %

Shares of NYSE:FTI traded up $0.47 on Tuesday, reaching $32.16. The company had a trading volume of 4,648,822 shares, compared to its average volume of 3,861,357. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $13.53 billion, a PE ratio of 21.16 and a beta of 1.54. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The firm's 50 day simple moving average is $29.53 and its 200-day simple moving average is $29.05.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. TechnipFMC's dividend payout ratio is presently 10.42%.

About TechnipFMC

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.