TechnipFMC plc $FTI Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in TechnipFMC plc (NYSE:FTI) by 101.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238,688 shares of the oil and gas company’s stock after acquiring an additional 624,080 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.31% of TechnipFMC worth $55,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FTI. AQR Capital Management LLC lifted its position in TechnipFMC by 34.0% in the third quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company’s stock worth $525,339,000 after purchasing an additional 3,378,159 shares during the period. State Street Corp increased its position in shares of TechnipFMC by 62.2% during the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock valued at $508,276,000 after purchasing an additional 4,938,498 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of TechnipFMC by 2.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company’s stock worth $409,262,000 after buying an additional 232,491 shares in the last quarter. Boston Partners lifted its holdings in shares of TechnipFMC by 2.0% in the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock valued at $389,018,000 after buying an additional 192,549 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of TechnipFMC by 184.0% in the third quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company’s stock valued at $189,460,000 after buying an additional 3,111,399 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Alf Melin sold 43,554 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total value of $2,749,564.02. Following the completion of the transaction, the chief financial officer owned 238,983 shares of the company’s stock, valued at approximately $15,086,996.79. This trade represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Luana Duffe sold 47,951 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares in the company, valued at approximately $4,923,916.53. This trade represents a 37.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,216,442 shares of company stock worth $75,762,414 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

FTI has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. TD Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a research note on Friday, February 20th. Susquehanna increased their target price on shares of TechnipFMC from $71.00 to $82.00 and gave the company a “positive” rating in a research note on Wednesday, March 25th. Finally, Citigroup raised their target price on shares of TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.20.

TechnipFMC Trading Down 5.0%

Shares of NYSE FTI opened at $67.63 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $72.59. The company has a market cap of $27.16 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 1.31 and a beta of 0.70. The business has a fifty day simple moving average of $62.18 and a 200-day simple moving average of $49.73.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s dividend payout ratio is 8.66%.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.