Baader Bank Aktiengesellschaft Buys New Stake in TechnipFMC plc $FTI

Baader Bank Aktiengesellschaft purchased a new position in shares of TechnipFMC plc (NYSE:FTI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,459 shares of the oil and gas company’s stock, valued at approximately $1,276,000.

Other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new stake in TechnipFMC in the fourth quarter worth $833,000. Fisher Asset Management LLC boosted its holdings in shares of TechnipFMC by 7.1% during the fourth quarter. Fisher Asset Management LLC now owns 408,437 shares of the oil and gas company’s stock valued at $18,200,000 after acquiring an additional 27,111 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of TechnipFMC during the fourth quarter worth about $641,000. Archford Capital Strategies LLC bought a new position in shares of TechnipFMC during the fourth quarter worth about $1,691,000. Finally, HighTower Advisors LLC increased its holdings in shares of TechnipFMC by 54.7% in the 4th quarter. HighTower Advisors LLC now owns 46,832 shares of the oil and gas company’s stock worth $2,087,000 after acquiring an additional 16,562 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Up 0.2%

Shares of NYSE:FTI opened at $72.18 on Tuesday. The company has a 50 day moving average of $69.28 and a 200-day moving average of $65.48. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The firm has a market cap of $28.78 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.52 and a beta of 0.70. TechnipFMC plc has a twelve month low of $31.88 and a twelve month high of $77.78.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, analysts anticipate that TechnipFMC plc will post 3.01 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FTI shares. Wall Street Zen upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Zacks Research cut TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. Finally, Susquehanna decreased their price objective on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

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.