TechnipFMC plc (NYSE:FTI) EVP Sells $1,119,825.90 in Stock

TechnipFMC plc (NYSE:FTI) EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TechnipFMC Trading Up 0.2 %

Shares of FTI stock traded up $0.06 on Thursday, hitting $26.44. The stock had a trading volume of 6,164,078 shares, compared to its average volume of 3,772,677. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market capitalization of $11.12 billion, a P/E ratio of 17.40 and a beta of 1.54. TechnipFMC plc has a 1 year low of $22.99 and a 1 year high of $33.45. The company’s 50 day moving average price is $30.21 and its 200-day moving average price is $28.60.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC’s dividend payout ratio (DPR) is 10.42%.

Institutional Investors Weigh In On TechnipFMC

Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new stake in TechnipFMC during the 3rd quarter worth approximately $185,643,000. Ameriprise Financial Inc. lifted its position in TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company’s stock worth $478,620,000 after acquiring an additional 3,962,315 shares during the period. Norges Bank acquired a new stake in TechnipFMC during the 4th quarter worth approximately $96,808,000. Anomaly Capital Management LP lifted its position in TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company’s stock worth $210,295,000 after acquiring an additional 2,306,342 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in TechnipFMC during the 3rd quarter worth approximately $49,273,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FTI. The Goldman Sachs Group began coverage on TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. Barclays lifted their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and lifted their price target for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada initiated coverage on TechnipFMC in a research note on Monday, November 18th. They set an “outperform” rating and a $37.00 price objective on the stock. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, TechnipFMC has a consensus rating of “Buy” and an average target price of $36.31.

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.