TechnipFMC plc $FTI Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT increased its position in shares of TechnipFMC plc (NYSE:FTI) by 41.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,292 shares of the oil and gas company’s stock after purchasing an additional 20,160 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TechnipFMC were worth $4,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of TechnipFMC in the 1st quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in shares of TechnipFMC during the 1st quarter valued at approximately $37,000. First Pacific Financial purchased a new stake in shares of TechnipFMC during the 1st quarter valued at approximately $52,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC in the third quarter valued at approximately $32,000. Finally, Summit Securities Group LLC acquired a new position in TechnipFMC in the first quarter valued at approximately $60,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

Shares of FTI stock opened at $76.70 on Monday. The firm has a 50 day moving average of $69.53 and a two-hundred day moving average of $66.31. The stock has a market capitalization of $30.58 billion, a PE ratio of 29.28, a P/E/G ratio of 1.61 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 52 week low of $34.27 and a 52 week high of $77.92.

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

TechnipFMC Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on FTI shares. Piper Sandler raised their target price on TechnipFMC from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Susquehanna decreased their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Zacks Research lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company 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.