Steward Partners Investment Advisory LLC Acquires 1,047 Shares of TechnipFMC plc (NYSE:FTI)

Steward Partners Investment Advisory LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 106.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,031 shares of the oil and gas company’s stock after buying an additional 1,047 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in TechnipFMC were worth $59,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC during the fourth quarter valued at approximately $45,000. V Square Quantitative Management LLC grew its position in TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 563 shares during the period. True Wealth Design LLC bought a new stake in TechnipFMC during the third quarter valued at approximately $57,000. Finally, GAMMA Investing LLC grew its position in TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after buying an additional 414 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on FTI. Barclays boosted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 price target for the company. Piper Sandler upped their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. TD Cowen reiterated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and upped their price target for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.31.

TechnipFMC Price Performance

FTI stock opened at $28.11 on Wednesday. TechnipFMC plc has a one year low of $22.99 and a one year high of $33.45. The company’s fifty day moving average price is $29.92 and its 200-day moving average price is $28.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The company has a market capitalization of $11.82 billion, a PE ratio of 18.49 and a beta of 1.54.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s payout ratio is 10.42%.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 10,147 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now owns 7,529 shares of the company’s stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. 1.06% of the stock is owned by insiders.

About TechnipFMC

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.