11,721 Shares in TechnipFMC plc $FTI Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new stake in TechnipFMC plc (NYSE:FTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,721 shares of the oil and gas company’s stock, valued at approximately $796,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Pictet & Cie SA grew its holdings in TechnipFMC by 3.7% in the 3rd quarter. Banque Pictet & Cie SA now owns 22,600 shares of the oil and gas company’s stock valued at $1,535,000 after buying an additional 800 shares in the last quarter. Annex Advisory Services LLC increased its position in TechnipFMC by 9.6% during the 3rd quarter. Annex Advisory Services LLC now owns 3,467 shares of the oil and gas company’s stock worth $235,000 after buying an additional 303 shares during the period. Triasima Portfolio Management inc. lifted its holdings in shares of TechnipFMC by 1.8% during the third quarter. Triasima Portfolio Management inc. now owns 8,490 shares of the oil and gas company’s stock worth $577,000 after buying an additional 150 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of TechnipFMC during the third quarter worth $520,000. Finally, Curated Wealth Partners LLC acquired a new stake in shares of TechnipFMC during the third quarter worth $1,372,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Transactions at TechnipFMC

In related news, Director Eric Mullins purchased 6,365 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the purchase, the director directly owned 8,070 shares in the company, valued at $633,898.50. This trade represents a 373.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thierry Conti sold 6,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total transaction of $431,100.00. Following the sale, the insider directly owned 85,813 shares of the company’s stock, valued at $6,165,664.05. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is owned by insiders.

TechnipFMC Price Performance

TechnipFMC stock opened at $68.83 on Wednesday. The stock’s fifty day moving average price is $73.67 and its two-hundred day moving average price is $71.85. TechnipFMC plc has a one year low of $36.03 and a one year high of $80.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market cap of $26.99 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. As a group, research analysts expect that TechnipFMC plc will post 3.20 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were given a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is presently 6.94%.

Wall Street Analyst Weigh In

Several research firms recently commented on FTI. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Citigroup raised their price target on shares of TechnipFMC from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Barclays cut their price objective on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Wall Street Zen downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $74.83.

TechnipFMC Profile

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.