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 dated 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 sale, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TechnipFMC Stock Up 0.2 %

Shares of FTI opened at $26.44 on Friday. The business’s fifty day moving average price is $30.21 and its two-hundred day moving average price is $28.60. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 17.40 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC Announces Dividend

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

Institutional Trading of TechnipFMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC boosted its stake in shares of TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock valued at $248,000 after purchasing an additional 338 shares during the last quarter. Yousif Capital Management LLC boosted its stake in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 357 shares during the last quarter. Sigma Planning Corp grew its holdings in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock worth $334,000 after acquiring an additional 363 shares during the period. GAMMA Investing LLC raised its position in shares of TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 414 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 423 shares during the period. 96.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on FTI. Royal Bank of Canada began coverage on TechnipFMC in a report on Monday, November 18th. They set an “outperform” rating and a $37.00 price objective on the stock. TD Cowen reissued a “buy” rating and set a $37.00 price objective on shares of TechnipFMC in a report on Wednesday, November 27th. Piper Sandler upped their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Citigroup lifted their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Evercore ISI upped their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $36.31.

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.