Rothschild Wealth LLC Makes New $460,000 Investment in TechnipFMC plc $FTI

Rothschild Wealth LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, Holdings Channel reports. The firm bought 10,331 shares of the oil and gas company’s stock, valued at approximately $460,000.

A number of other large investors have also recently added to or reduced their stakes in FTI. New York State Common Retirement Fund boosted its position in shares of 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 valued at $12,053,000 after acquiring an additional 23,600 shares during the period. Savvy Advisors Inc. bought a new stake in shares of TechnipFMC in the third quarter valued at approximately $708,000. Principal Financial Group Inc. boosted its position in shares of TechnipFMC by 5,157.7% in the third quarter. Principal Financial Group Inc. now owns 912,896 shares of the oil and gas company’s stock valued at $36,014,000 after acquiring an additional 895,533 shares during the period. Archford Capital Strategies LLC bought a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $1,691,000. Finally, Farther Finance Advisors LLC boosted its position in shares of TechnipFMC by 394.3% in the fourth quarter. Farther Finance Advisors LLC now owns 11,848 shares of the oil and gas company’s stock valued at $528,000 after acquiring an additional 9,451 shares during the period. Institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling

In other news, insider Jonathan Landes sold 116,194 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the completion of the sale, the insider directly owned 71,356 shares in the company, valued at approximately $4,438,343.20. This trade represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total value of $440,182.00. Following the completion of the sale, the director owned 59,887 shares of the company’s stock, valued at approximately $4,151,366.84. This trade represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,210,092 shares of company stock valued at $75,347,124 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FTI shares. Piper Sandler increased their price objective on TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Barclays increased their price objective on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research report on Sunday. Finally, The Goldman Sachs Group upped their target price on TechnipFMC from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

TechnipFMC Stock Performance

TechnipFMC stock opened at $68.21 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. The stock has a fifty day moving average price of $71.68 and a two-hundred day moving average price of $59.65. TechnipFMC plc has a 52-week low of $30.86 and a 52-week high of $77.78. The firm has a market capitalization of $27.19 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.47 and a beta of 0.74.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 7.63%.

TechnipFMC Company Profile

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.