TechnipFMC plc $FTI Stake Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of TechnipFMC plc (NYSE:FTI) by 71.6% in the 3rd quarter, Holdings Channel reports. The fund owned 580,140 shares of the oil and gas company’s stock after buying an additional 242,031 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in TechnipFMC were worth $39,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Triasima Portfolio Management inc. boosted its position in TechnipFMC by 1.8% in the 3rd quarter. Triasima Portfolio Management inc. now owns 8,490 shares of the oil and gas company’s stock worth $577,000 after purchasing an additional 150 shares in the last quarter. ANB Bank grew its stake in shares of TechnipFMC by 3.4% during the 1st quarter. ANB Bank now owns 4,903 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 161 shares during the period. PFG Investments LLC increased its holdings in shares of TechnipFMC by 2.4% during the 1st quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company’s stock valued at $495,000 after purchasing an additional 165 shares in the last quarter. Caerus Investment Advisors LLC increased its holdings in shares of TechnipFMC by 1.1% during the 1st quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company’s stock valued at $1,661,000 after purchasing an additional 259 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in shares of TechnipFMC by 9.6% during the 3rd quarter. Annex Advisory Services LLC now owns 3,467 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 303 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Citigroup raised their price target on shares of TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Susquehanna cut their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. UBS Group began coverage on shares of TechnipFMC in a research report on Monday, October 12th. They issued a “buy” rating and a $89.00 price objective for the company. Finally, Weiss Ratings raised shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of “Buy” and an average target price of $74.83.

TechnipFMC Trading Down 4.8%

Shares of TechnipFMC stock opened at $66.64 on Friday. The firm has a market capitalization of $26.13 billion, a PE ratio of 23.14, a P/E/G ratio of 1.12 and a beta of 0.83. TechnipFMC plc has a twelve month low of $38.13 and a twelve month high of $80.70. The firm’s 50-day moving average price is $73.37 and its 200 day moving average price is $71.81. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the firm posted $0.68 EPS. TechnipFMC’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that TechnipFMC plc will post 3.20 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, August 18th. TechnipFMC’s dividend payout ratio (DPR) is 6.94%.

Insider Buying and Selling

In related news, insider Thierry Conti sold 6,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $71.85, for a total value of $431,100.00. Following the completion of the transaction, the insider directly owned 85,813 shares of the company’s stock, valued at approximately $6,165,664.05. This represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Mullins acquired 6,365 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the acquisition, the director directly owned 8,070 shares in the company, valued at $633,898.50. This represents a 373.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

TechnipFMC Profile

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.