TechnipFMC plc (NYSE:FTI) Stock Holdings Lowered by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC reduced its stake in shares of TechnipFMC plc (NYSE:FTIFree Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,469,306 shares of the oil and gas company’s stock after selling 2,039,870 shares during the quarter. TechnipFMC accounts for approximately 7.4% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 2nd largest holding. Hardman Johnston Global Advisors LLC’s holdings in TechnipFMC were worth $230,992,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FTI. Vanguard Group Inc. raised its holdings in shares of TechnipFMC by 320.3% during the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after buying an additional 30,323,011 shares during the period. BlackRock Inc. increased its holdings in TechnipFMC by 87.8% during the 2nd quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock worth $330,224,000 after purchasing an additional 9,287,344 shares during the last quarter. Alliancebernstein L.P. increased its holdings in TechnipFMC by 68,732.1% during the 4th quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company’s stock worth $85,987,000 after purchasing an additional 7,043,670 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in TechnipFMC by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock worth $718,398,000 after purchasing an additional 5,888,998 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in TechnipFMC by 75.7% during the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after purchasing an additional 5,587,050 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

NYSE:FTI traded down $0.50 during midday trading on Friday, reaching $25.86. 4,756,887 shares of the company traded hands, compared to its average volume of 4,839,143. TechnipFMC plc has a twelve month low of $12.64 and a twelve month high of $27.26. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 215.50 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The company has a fifty day moving average price of $22.92 and a 200 day moving average price of $21.16.

TechnipFMC (NYSE:FTIGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect that TechnipFMC plc will post 1.16 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. TechnipFMC’s dividend payout ratio (DPR) is presently 166.67%.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on FTI shares. ATB Capital set a $30.00 price objective on TechnipFMC and gave the stock an “outperform” rating in a report on Friday, December 22nd. TD Cowen lifted their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a report on Friday, February 23rd. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $30.00 price target (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.11.

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TechnipFMC Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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