Vaughan Nelson Investment Management L.P. Has $55.20 Million Stake in TechnipFMC plc $FTI

Vaughan Nelson Investment Management L.P. increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 101.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,238,688 shares of the oil and gas company’s stock after purchasing an additional 624,080 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in TechnipFMC were worth $55,196,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its position in TechnipFMC by 27.2% in the 1st quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after buying an additional 5,161 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of TechnipFMC by 76.1% in the second quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 6,381 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of TechnipFMC by 6.2% during the second quarter. Cetera Investment Advisers now owns 39,386 shares of the oil and gas company’s stock worth $1,356,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of TechnipFMC by 10.8% during the second quarter. Prudential Financial Inc. now owns 56,600 shares of the oil and gas company’s stock worth $1,949,000 after acquiring an additional 5,538 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO David Light sold 6,622 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the completion of the sale, the chief accounting officer directly owned 5,005 shares in the company, valued at approximately $312,462.15. The trade was a 56.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alf Melin sold 43,554 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total transaction of $2,749,564.02. Following the completion of the transaction, the chief financial officer owned 238,983 shares in the company, valued at $15,086,996.79. The trade was a 15.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,216,442 shares of company stock valued at $75,762,414 in the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Susquehanna boosted their target price on TechnipFMC from $71.00 to $82.00 and gave the company a “positive” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada lifted their price target on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 20th. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and boosted their price target for the company from $49.00 to $62.00 in a research note on Friday, February 20th. The Goldman Sachs Group raised their price objective on shares of TechnipFMC from $55.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, TD Cowen reiterated a “buy” rating on shares of TechnipFMC in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $67.63 on Tuesday. The stock has a market capitalization of $27.16 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.31 and a beta of 0.70. The business has a 50-day moving average of $62.18 and a two-hundred day moving average of $49.73. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $72.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

About TechnipFMC

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.