TechnipFMC plc Ordinary Share (NYSE:FTI) EVP Bradley D. Beitler sold 12,000 shares of TechnipFMC plc Ordinary Share stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $32.00, for a total transaction of $384,000.00. Following the transaction, the executive vice president now directly owns 87,886 shares in the company, valued at $2,812,352. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) traded down 0.97% during mid-day trading on Tuesday, hitting $31.79. 2,850,042 shares of the company were exchanged. The stock’s 50-day moving average price is $31.95 and its 200 day moving average price is $33.31. The stock has a market cap of $14.83 billion, a PE ratio of 19.07 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 12-month low of $29.86 and a 12-month high of $36.14.

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A number of brokerages have weighed in on FTI. Sanford C. Bernstein raised shares of TechnipFMC plc Ordinary Share from an “underperform” rating to a “market perform” rating and set a $29.00 price target on the stock in a research report on Tuesday, May 16th. Barclays PLC set a $33.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research report on Saturday, May 6th. Scotiabank set a $37.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Monday, May 1st. Seaport Global Securities raised shares of TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and lifted their price target for the company from $35.00 to $40.00 in a research report on Thursday, April 20th. Finally, BMO Capital Markets set a $37.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research report on Wednesday, April 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. TechnipFMC plc Ordinary Share currently has a consensus rating of “Buy” and an average price target of $35.41.

Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of TechnipFMC plc Ordinary Share during the first quarter worth about $165,000. MAVEN SECURITIES Ltd bought a new stake in shares of TechnipFMC plc Ordinary Share during the first quarter worth about $174,000. Virtus Investment Advisers Inc. bought a new stake in shares of TechnipFMC plc Ordinary Share during the third quarter worth about $178,000. Macquarie Group Ltd. boosted its stake in shares of TechnipFMC plc Ordinary Share by 8.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,200 shares of the oil and gas company’s stock worth $185,000 after buying an additional 400 shares during the last quarter. Finally, Johanson Financial Advisors Inc. bought a new stake in shares of TechnipFMC plc Ordinary Share during the first quarter worth about $201,000. 91.01% of the stock is owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:FTI

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