Inspire Investing LLC Sells 846 Shares of TechnipFMC plc $FTI

Inspire Investing LLC decreased its position in TechnipFMC plc (NYSE:FTI) by 2.6% during the first quarter, HoldingsChannel reports. The firm owned 31,754 shares of the oil and gas company’s stock after selling 846 shares during the quarter. Inspire Investing LLC’s holdings in TechnipFMC were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Strs Ohio bought a new position in shares of TechnipFMC in the first quarter valued at approximately $8,113,000. Geneos Wealth Management Inc. grew its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Focus Partners Wealth grew its stake in shares of TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after acquiring an additional 5,161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TechnipFMC by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,139,326 shares of the oil and gas company’s stock worth $36,105,000 after acquiring an additional 53,206 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of TechnipFMC in the first quarter worth $7,282,000. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FTI shares. Wall Street Zen upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Sanford C. Bernstein downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Thursday, May 22nd. BTIG Research downgraded shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Barclays raised their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Evercore ISI raised their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.92.

Insider Activity

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company’s stock, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

TechnipFMC Stock Down 1.2%

FTI opened at $39.83 on Friday. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The firm’s fifty day moving average price is $36.02 and its two-hundred day moving average price is $31.94. The company has a market capitalization of $16.37 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.29 and a beta of 1.10.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC’s dividend payout ratio (DPR) is presently 9.43%.

TechnipFMC Company 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.