TechnipFMC plc (NYSE:FTI) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of TechnipFMC plc (NYSE:FTI) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,438 shares of the oil and gas company’s stock after selling 36,146 shares during the quarter. Sei Investments Co. owned 0.08% of TechnipFMC worth $9,794,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTI. Daiwa Securities Group Inc. acquired a new position in shares of TechnipFMC in the third quarter valued at approximately $393,000. Bank of Montreal Can grew its stake in shares of TechnipFMC by 1,630.7% in the third quarter. Bank of Montreal Can now owns 287,454 shares of the oil and gas company’s stock worth $7,347,000 after acquiring an additional 270,845 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TechnipFMC during the third quarter worth $2,624,000. Vinva Investment Management Ltd acquired a new stake in shares of TechnipFMC in the third quarter valued at $206,000. Finally, Capstone Investment Advisors LLC purchased a new position in TechnipFMC in the third quarter valued at $250,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 in the last 90 days. Company insiders own 1.80% of the company’s stock.

TechnipFMC Stock Down 0.2 %

Shares of NYSE FTI opened at $31.18 on Monday. The business has a 50-day moving average price of $29.56 and a 200 day moving average price of $28.94. The stock has a market cap of $13.11 billion, a PE ratio of 20.51 and a beta of 1.54. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45.

TechnipFMC Dividend Announcement

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 given a $0.05 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.64%. TechnipFMC’s dividend payout ratio (DPR) is 10.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTI shares. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and increased their price target for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Barclays raised their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Sandler lifted their price objective 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. Finally, The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 target price for the company. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.

TechnipFMC Profile

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.