FMC Technologies Inc. (NYSE:FTI) traded down 4.3% during trading on Monday . The stock traded as low as $24.30 and last traded at $24.30, with a volume of 2,427,592 shares changing hands. The stock had previously closed at $25.38.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on FMC Technologies from $29.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, April 28th. Cowen and Company restated an “outperform” rating and issued a $35.00 price target (up previously from $29.00) on shares of FMC Technologies in a research note on Thursday, April 28th. Clarkson Capital cut FMC Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, April 22nd. BMO Capital Markets restated a “hold” rating and issued a $29.00 price target on shares of FMC Technologies in a research note on Friday, May 20th. Finally, Jefferies Group restated a “hold” rating and issued a $29.00 price target on shares of FMC Technologies in a research note on Friday, May 20th. Sixteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.90.

The firm has a market capitalization of $5.49 billion and a price-to-earnings ratio of 34.67. The firm has a 50 day moving average price of $26.44 and a 200 day moving average price of $26.57.

FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.08. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.26 billion. The firm’s revenue was down 32.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts anticipate that FMC Technologies Inc. will post $0.95 EPS for the current year.

A number of institutional investors have made changes to their positions in FTI. Sei Investments Co. raised its position in shares of FMC Technologies by 146.3% in the fourth quarter. Sei Investments Co. now owns 45,936 shares of the company’s stock worth $1,332,000 after buying an additional 27,282 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of FMC Technologies by 7.5% in the fourth quarter. New York State Common Retirement Fund now owns 569,500 shares of the company’s stock worth $16,521,000 after buying an additional 39,600 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of FMC Technologies by 0.7% in the fourth quarter. OppenheimerFunds Inc. now owns 217,579 shares of the company’s stock worth $6,314,000 after buying an additional 1,609 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of FMC Technologies by 0.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 68,084 shares of the company’s stock worth $1,975,000 after buying an additional 500 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of FMC Technologies by 2.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 131,530 shares of the company’s stock worth $3,816,000 after buying an additional 3,210 shares in the last quarter.

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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