Voya Investment Management LLC raised its holdings in shares of FMC Technologies, Inc. (NYSE:FTI) by 61.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,205 shares of the oil and gas company’s stock after acquiring an additional 83,095 shares during the period. Voya Investment Management LLC’s holdings in FMC Technologies were worth $5,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Gateway Investment Advisers LLC grew its position in FMC Technologies by 0.4% during the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock valued at $783,000 after acquiring an additional 107 shares during the last quarter. Louisiana State Employees Retirement System grew its position in FMC Technologies by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 200 shares during the last quarter. Conning Inc. grew its position in FMC Technologies by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 200 shares during the last quarter. Bbva Compass Bancshares Inc. grew its position in FMC Technologies by 4.8% during the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 379 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. grew its position in FMC Technologies by 3.4% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 15,825 shares of the oil and gas company’s stock valued at $514,000 after acquiring an additional 520 shares during the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.

Shares of FMC Technologies, Inc. (NYSE FTI) opened at 27.27 on Wednesday. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 32.97 and a beta of 0.95. FMC Technologies, Inc. has a 52 week low of $25.17 and a 52 week high of $37.09. The company has a 50-day moving average price of $26.67 and a 200-day moving average price of $28.71.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Equities analysts anticipate that FMC Technologies, Inc. will post $1.06 EPS for the current year.

A number of brokerages have commented on FTI. HSBC Holdings plc began coverage on shares of FMC Technologies in a research report on Monday, September 11th. They set a “hold” rating and a $26.00 price target on the stock. Piper Jaffray Companies set a $32.00 price target on shares of FMC Technologies and gave the company a “buy” rating in a research report on Wednesday, July 26th. Cowen and Company set a $32.00 price target on shares of FMC Technologies and gave the company a “buy” rating in a research report on Friday, October 6th. ValuEngine upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $31.00 price target on shares of FMC Technologies in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $35.09.

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About FMC Technologies

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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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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