Rhumbline Advisers boosted its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,391 shares of the oil and gas company’s stock after buying an additional 3,742 shares during the period. Rhumbline Advisers owned 0.09% of FMC Technologies worth $10,809,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of FMC Technologies by 7.6% in the second quarter. Teacher Retirement System of Texas now owns 249,230 shares of the oil and gas company’s stock valued at $6,779,000 after buying an additional 17,594 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of FMC Technologies by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,951,144 shares of the oil and gas company’s stock valued at $53,072,000 after buying an additional 117,578 shares during the period. Davis R M Inc. increased its stake in shares of FMC Technologies by 17.8% in the second quarter. Davis R M Inc. now owns 75,137 shares of the oil and gas company’s stock valued at $2,044,000 after buying an additional 11,350 shares during the period. Retirement Systems of Alabama increased its stake in shares of FMC Technologies by 0.3% in the second quarter. Retirement Systems of Alabama now owns 226,228 shares of the oil and gas company’s stock valued at $6,153,000 after buying an additional 685 shares during the period. Finally, Korea Investment CORP increased its stake in FMC Technologies by 61.3% in the second quarter. Korea Investment CORP now owns 42,912 shares of the oil and gas company’s stock worth $1,167,000 after buying an additional 16,314 shares during the period. 65.57% of the stock is owned by institutional investors.

Shares of FMC Technologies, Inc. (NYSE:FTI) opened at 25.43 on Tuesday. FMC Technologies, Inc. has a 12 month low of $25.41 and a 12 month high of $36.14. The company has a market cap of $11.88 billion, a P/E ratio of 30.75 and a beta of 0.92. The stock’s 50 day moving average is $27.39 and its 200-day moving average is $30.09.

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

FMC Technologies announced that its board has approved a stock buyback plan on Wednesday, April 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 135% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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A number of equities research analysts have commented on the stock. Barclays PLC set a $33.00 target price on shares of FMC Technologies and gave the stock a “hold” rating in a research report on Saturday, May 6th. Sanford C. Bernstein raised shares of FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 target price for the company in a research report on Tuesday, May 16th. Scotiabank set a $37.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Monday, May 1st. ValuEngine downgraded shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $37.00 target price on shares of FMC Technologies in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. FMC Technologies has a consensus rating of “Buy” and a consensus target price of $35.29.

In related news, CFO Maryann T. Mannen sold 6,500 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.20, for a total transaction of $189,800.00. Following the sale, the chief financial officer now owns 309,261 shares in the company, valued at $9,030,421.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

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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