Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 6.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,037 shares of the oil and gas company’s stock after acquiring an additional 4,165 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in FMC Technologies were worth $1,900,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in FTI. First Eagle Investment Management LLC lifted its position in shares of FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock valued at $831,931,000 after acquiring an additional 10,617,891 shares during the period. Janus Henderson Group PLC lifted its position in shares of FMC Technologies by 19,636.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock valued at $95,090,000 after acquiring an additional 3,478,313 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of FMC Technologies by 90.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,638,820 shares of the oil and gas company’s stock valued at $98,976,000 after acquiring an additional 1,726,320 shares during the period. Platinum Investment Management Ltd. lifted its position in shares of FMC Technologies by 29.6% during the 2nd quarter. Platinum Investment Management Ltd. now owns 7,016,100 shares of the oil and gas company’s stock valued at $190,837,000 after acquiring an additional 1,604,400 shares during the period. Finally, BlackRock Inc. lifted its position in shares of FMC Technologies by 7.8% during the 2nd quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock valued at $591,104,000 after acquiring an additional 1,571,751 shares during the period. Institutional investors own 66.88% of the company’s stock.

FTI has been the topic of several research reports. ValuEngine downgraded shares of FMC Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Gabelli upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, October 20th. Royal Bank Of Canada upgraded shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating and issued a $31.50 target price on shares of FMC Technologies in a research note on Tuesday, September 26th. Finally, Barclays PLC reduced their target price on shares of FMC Technologies from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. FMC Technologies presently has an average rating of “Buy” and an average target price of $34.58.

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FMC Technologies, Inc. (NYSE:FTI) opened at $28.92 on Monday. FMC Technologies, Inc. has a 52-week low of $24.53 and a 52-week high of $37.09. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

FMC Technologies (NYSE:FTI) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. FMC Technologies’s revenue was up 74.3% on a year-over-year basis. research analysts forecast that FMC Technologies, Inc. will post 1.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, November 20th.

FMC Technologies Company Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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