Principal Financial Group Inc. trimmed its holdings in FMC Technologies, Inc. (NYSE:FTI) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 634,683 shares of the oil and gas company’s stock after selling 52,975 shares during the period. Principal Financial Group Inc. owned 0.14% of FMC Technologies worth $17,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FTI. First Eagle Investment Management LLC grew its stake in FMC Technologies by 53.2% in 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 last quarter. Janus Henderson Group PLC boosted its stake 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 worth $95,090,000 after purchasing an additional 3,478,313 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake 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 worth $98,976,000 after purchasing an additional 1,726,320 shares during the last quarter. Platinum Investment Management Ltd. boosted its stake 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 worth $190,837,000 after purchasing an additional 1,604,400 shares during the last quarter. Finally, BlackRock Inc. boosted its stake 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 worth $591,104,000 after purchasing an additional 1,571,751 shares during the last quarter. 64.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FMC Technologies, Inc. (FTI) opened at $26.92 on Friday. The stock has a market cap of $12,560.66, a P/E ratio of 21.54, a PEG ratio of 0.88 and a beta of 0.89. FMC Technologies, Inc. has a 12 month low of $24.53 and a 12 month high of $37.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%.

FTI has been the topic of several analyst reports. UBS AG reaffirmed a “buy” rating and set a $36.00 price target (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. BidaskClub raised shares of FMC Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada raised shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research note on Friday, August 25th. ValuEngine cut shares of FMC Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, started coverage on shares of FMC Technologies in a research report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. FMC Technologies has a consensus rating of “Hold” and a consensus target price of $33.18.

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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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