Diversified Trust Co Buys 12,268 Shares of TechnipFMC plc $FTI

Diversified Trust Co raised its stake in shares of TechnipFMC plc (NYSE:FTI) by 65.2% during the 1st quarter, HoldingsChannel reports. The firm owned 31,074 shares of the oil and gas company’s stock after purchasing an additional 12,268 shares during the quarter. Diversified Trust Co’s holdings in TechnipFMC were worth $2,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FTI. Harbor Investment Advisory LLC bought a new stake in shares of TechnipFMC during the 4th quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC in the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. raised its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in TechnipFMC in the 4th quarter worth $41,000. Finally, Torren Management LLC acquired a new position in TechnipFMC during the 4th quarter worth $45,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on FTI. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Barclays lifted their price objective on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $83.00 target price on shares of TechnipFMC in a research note on Friday, May 1st. Finally, Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 6,350 shares of TechnipFMC stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total transaction of $440,182.00. Following the sale, the director owned 59,887 shares in the company, valued at $4,151,366.84. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

TechnipFMC Trading Down 0.2%

Shares of FTI opened at $65.05 on Monday. The stock’s 50-day moving average price is $71.14 and its 200 day moving average price is $62.01. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $25.93 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.40 and a beta of 0.69. TechnipFMC plc has a 12-month low of $31.88 and a 12-month high of $77.78.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, research analysts predict that TechnipFMC plc will post 2.98 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 19th. TechnipFMC’s dividend payout ratio (DPR) is 7.63%.

About TechnipFMC

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.