TechnipFMC plc $FTI Shares Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its position in TechnipFMC plc (NYSE:FTI) by 15.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,183 shares of the oil and gas company’s stock after purchasing an additional 34,294 shares during the period. Brandywine Global Investment Management LLC’s holdings in TechnipFMC were worth $8,720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTI. Boston Partners lifted its holdings in TechnipFMC by 267.5% during the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company’s stock worth $333,041,000 after buying an additional 7,038,640 shares during the last quarter. AQR Capital Management LLC raised its position in shares of TechnipFMC by 111.4% during the 1st quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company’s stock valued at $273,078,000 after acquiring an additional 4,602,939 shares in the last quarter. Nuveen LLC bought a new position in TechnipFMC during the first quarter worth $64,217,000. Encompass Capital Advisors LLC acquired a new position in TechnipFMC in the first quarter worth $47,535,000. Finally, Ameriprise Financial Inc. increased its stake in TechnipFMC by 9.0% during the first quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company’s stock valued at $571,583,000 after purchasing an additional 1,492,746 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In related news, CFO Alf Melin sold 113,760 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the completion of the transaction, the chief financial officer owned 241,140 shares of the company’s stock, valued at $9,310,415.40. This trade represents a 32.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the transaction, the insider directly owned 56,352 shares in the company, valued at approximately $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 876,603 shares of company stock valued at $33,832,588. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Stock Up 1.5%

FTI opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 0.90. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $45.01. The stock’s 50 day moving average price is $39.99 and its 200 day moving average price is $36.35. The stock has a market cap of $17.86 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.20 and a beta of 1.00.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. As a group, research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC declared that its board has authorized a stock buyback plan on Wednesday, October 22nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the oil and gas company to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, November 18th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s dividend payout ratio (DPR) is 8.93%.

Analyst Upgrades and Downgrades

FTI has been the subject of several research reports. Jefferies Financial Group lifted their price target on shares of TechnipFMC from $47.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays increased their price target on TechnipFMC from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Citigroup boosted their price objective on TechnipFMC from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, BNP Paribas set a $47.00 target price on TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.36.

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.