FMC Technologies, Inc. (FTI) Holdings Reduced by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in FMC Technologies, Inc. (NYSE:FTI) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,000 shares of the oil and gas company’s stock after selling 11,000 shares during the period. Gabelli Funds LLC’s holdings in FMC Technologies were worth $3,574,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FTI. C M Bidwell & Associates Ltd. acquired a new stake in shares of FMC Technologies in the second quarter valued at approximately $161,000. Conning Inc. boosted its holdings in shares of FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 200 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of FMC Technologies by 4.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 379 shares during the period. Intact Investment Management Inc. acquired a new stake in shares of FMC Technologies in the third quarter valued at approximately $237,000. Finally, Bank of Nova Scotia boosted its holdings in shares of FMC Technologies by 2.8% in the second quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 300 shares during the period. Institutional investors own 66.88% of the company’s stock.

Several equities research analysts have recently weighed in on the company. HSBC Holdings plc assumed coverage on FMC Technologies in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 price objective for the company. Piper Jaffray Companies set a $32.00 price objective on FMC Technologies and gave the company a “buy” rating in a report on Wednesday, July 26th. Gabelli raised FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, October 20th. Cowen and Company set a $32.00 price objective on FMC Technologies and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Barclays PLC decreased their price objective on FMC Technologies from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.03.

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FMC Technologies, Inc. (NYSE FTI) opened at $28.40 on Tuesday. FMC Technologies, Inc. has a 52-week low of $24.53 and a 52-week high of $37.09. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.

FMC Technologies (NYSE:FTI) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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. During the same period in the prior year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 74.3% on a year-over-year basis. research analysts anticipate that FMC Technologies, Inc. will post 1.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, November 20th.

FMC Technologies Company 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.

Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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