TechnipFMC plc $FTI Holdings Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its holdings in TechnipFMC plc (NYSE:FTIFree Report) by 367.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,600 shares of the oil and gas company’s stock after acquiring an additional 107,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in TechnipFMC were worth $5,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC raised its position in TechnipFMC by 38.0% during the third quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after acquiring an additional 50,593 shares in the last quarter. Lingohr Asset Management GmbH increased its stake in shares of TechnipFMC by 461.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after purchasing an additional 174,500 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TechnipFMC by 80.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock valued at $125,144,000 after purchasing an additional 1,415,621 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of TechnipFMC by 25,468.9% in the 3rd quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock valued at $454,000 after purchasing an additional 11,461 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in TechnipFMC by 8.4% in the third quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after purchasing an additional 23,600 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FTI. Royal Bank Of Canada raised their target price on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna boosted their target price on TechnipFMC from $56.00 to $71.00 and gave the stock a “positive” rating in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $69.00 price target on shares of TechnipFMC in a research report on Friday. Finally, TD Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, TechnipFMC currently has an average rating of “Moderate Buy” and an average price target of $55.08.

Read Our Latest Research Report on TechnipFMC

Key Stories Impacting TechnipFMC

Here are the key news stories impacting TechnipFMC this week:

TechnipFMC Stock Performance

FTI opened at $63.39 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $52.38 and its two-hundred day moving average price is $44.30. The firm has a market capitalization of $25.64 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $63.51.

TechnipFMC (NYSE:FTIGet Free Report) last issued its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s dividend payout ratio (DPR) is currently 8.66%.

TechnipFMC Profile

(Free Report)

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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