Teachers Advisors LLC increased its stake in FMC Technologies, Inc. (NYSE:FTI) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,021 shares of the oil and gas company’s stock after acquiring an additional 3,129 shares during the period. Teachers Advisors LLC’s holdings in FMC Technologies were worth $2,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its position in shares of FMC Technologies by 19.7% in the first quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock worth $163,000 after acquiring an additional 826 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of FMC Technologies in the first quarter worth approximately $165,000. Conning Inc. boosted its position in shares of FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 200 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of FMC Technologies by 4.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 379 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of FMC Technologies in the first quarter worth approximately $354,000. 65.44% of the stock is currently owned by institutional investors and hedge funds.

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Shares of FMC Technologies, Inc. (NYSE FTI) opened at 25.10 on Friday. The stock’s 50 day moving average is $26.82 and its 200-day moving average is $28.46. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 30.35 and a beta of 0.95. FMC Technologies, Inc. has a 1-year low of $25.03 and a 1-year high of $37.09.

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

FTI has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $43.00 target price (down from $45.00) on shares of FMC Technologies in a research report on Thursday, June 22nd. ValuEngine cut shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed a “buy” rating and set a $32.00 price target on shares of FMC Technologies in a research report on Tuesday, July 11th. Royal Bank Of Canada raised shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research report on Friday, August 25th. Finally, HSBC Holdings plc assumed 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.09.

FMC Technologies Profile

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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