Janus Henderson Group PLC decreased its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 19.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,799,227 shares of the oil and gas company’s stock after selling 696,800 shares during the period. Janus Henderson Group PLC owned about 0.60% of TechnipFMC plc Ordinary Share worth $78,156,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FTI. NGAM Advisors L.P. purchased a new stake in TechnipFMC plc Ordinary Share during the 2nd quarter worth $925,000. Sei Investments Co. grew its holdings in TechnipFMC plc Ordinary Share by 204.4% during the 2nd quarter. Sei Investments Co. now owns 74,508 shares of the oil and gas company’s stock worth $2,027,000 after acquiring an additional 50,033 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in TechnipFMC plc Ordinary Share by 6.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,951,144 shares of the oil and gas company’s stock worth $53,072,000 after acquiring an additional 117,578 shares in the last quarter. Rhumbline Advisers grew its holdings in TechnipFMC plc Ordinary Share by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 397,391 shares of the oil and gas company’s stock worth $10,809,000 after acquiring an additional 3,742 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in TechnipFMC plc Ordinary Share by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock worth $1,046,000 after acquiring an additional 1,982 shares in the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC plc Ordinary Share (NYSE FTI) opened at $27.43 on Friday. TechnipFMC plc Ordinary Share has a fifty-two week low of $24.53 and a fifty-two week high of $37.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14. The company has a market cap of $12,882.61, a PE ratio of 22.09, a PEG ratio of 0.90 and a beta of 0.90.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. analysts anticipate that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, November 20th.

Several brokerages have weighed in on FTI. Cowen set a $35.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research began coverage on shares of TechnipFMC plc Ordinary Share in a report on Wednesday. They set an “outperform” rating for the company. Citigroup raised shares of TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $30.00 in a report on Monday, October 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $31.50 price objective on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, September 26th. Finally, Griffin Securities reissued a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Monday, December 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. TechnipFMC plc Ordinary Share presently has an average rating of “Hold” and an average price target of $33.18.

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TechnipFMC plc Ordinary Share 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.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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