Dimensional Fund Advisors LP Raises Holdings in TechnipFMC plc (NYSE:FTI)

Dimensional Fund Advisors LP increased its position in TechnipFMC plc (NYSE:FTI) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,920,929 shares of the oil and gas company’s stock after buying an additional 138,556 shares during the period. Dimensional Fund Advisors LP’s holdings in TechnipFMC were worth $142,414,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock worth $98,838,000 after buying an additional 679,748 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company’s stock valued at $634,000 after acquiring an additional 4,314 shares during the period. Park Avenue Securities LLC purchased a new stake in TechnipFMC in the 4th quarter valued at $519,000. Raymond James Financial Inc. acquired a new stake in TechnipFMC during the 4th quarter worth $9,152,000. Finally, Charles Schwab Investment Management Inc. grew its position in TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company’s stock worth $105,618,000 after purchasing an additional 249,719 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FTI. Susquehanna decreased their target price on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Evercore ISI lifted their target price on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Piper Sandler lifted their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Barclays raised their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.

TechnipFMC Price Performance

FTI stock opened at $28.36 on Friday. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $27.52 and a 200-day moving average of $28.89. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.26 billion. As a group, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.71%. TechnipFMC’s dividend payout ratio (DPR) is currently 10.42%.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company’s stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David Light sold 10,147 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. Insiders own 1.80% of the company’s stock.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.