Ardevora Asset Management LLP increased its holdings in shares of FMC Technologies, Inc. (NYSE:FTI) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,294,000 shares of the oil and gas company’s stock after purchasing an additional 159,800 shares during the quarter. Ardevora Asset Management LLP owned approximately 0.28% of FMC Technologies worth $36,128,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of FMC Technologies during the second quarter worth about $161,000. Conning Inc. grew its position in shares of FMC Technologies by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 200 shares in the last quarter. Bbva Compass Bancshares Inc. grew its position in shares of FMC Technologies by 4.8% during the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after purchasing an additional 379 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of FMC Technologies during the third quarter worth about $237,000. Finally, Bank of Nova Scotia grew its position in shares of FMC Technologies by 2.8% during the second quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock worth $305,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 66.88% of the company’s stock.
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Several analysts recently issued reports on FTI shares. ValuEngine cut FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS AG reiterated a “buy” rating and set a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) cut FMC Technologies from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Monday. Barclays PLC set a $28.00 target price on FMC Technologies and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada set a $45.00 target price on FMC Technologies and gave the stock a “buy” rating in a research report on Saturday, October 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.03.
FMC Technologies, Inc. (FTI) traded down $0.52 during trading hours on Tuesday, hitting $28.40. The stock had a trading volume of 3,057,200 shares, compared to its average volume of 4,137,338. FMC Technologies, Inc. has a 1-year low of $24.53 and a 1-year high of $37.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. FMC Technologies’s revenue was up 74.3% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. research analysts expect that FMC Technologies, Inc. will post 1.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, November 20th.
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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