waypoint wealth counsel Acquires Shares of 9,441 TechnipFMC plc $FTI

waypoint wealth counsel acquired a new stake in TechnipFMC plc (NYSE:FTI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,441 shares of the oil and gas company’s stock, valued at approximately $325,000.

Several other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in TechnipFMC in the first quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its stake in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the last quarter. Brooklyn Investment Group boosted its stake in TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,061 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in TechnipFMC by 67.2% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 1,048 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BTIG Research cut shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. BNP Paribas Exane upgraded TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Friday. Royal Bank Of Canada raised their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Evercore ISI lifted their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

TechnipFMC Trading Down 3.1%

NYSE:FTI opened at $35.77 on Friday. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market capitalization of $14.70 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. The business’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $33.48.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $0.43 EPS. TechnipFMC’s revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC’s payout ratio is currently 9.43%.

Insider Activity at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thierry Conti sold 50,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the sale, the insider owned 56,352 shares in the company, valued at approximately $2,177,441.28. This trade represents a 47.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by insiders.

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.