Emerald Advisers LLC Sells 17,702 Shares of TechnipFMC plc $FTI

Emerald Advisers LLC reduced its position in shares of TechnipFMC plc (NYSE:FTI) by 39.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,298 shares of the oil and gas company’s stock after selling 17,702 shares during the period. Emerald Advisers LLC’s holdings in TechnipFMC were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTI. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC in the first quarter worth approximately $33,000. Geneos Wealth Management Inc. lifted its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of TechnipFMC in the second quarter worth approximately $44,000. Financial Network Wealth Advisors LLC lifted its stake in TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 346 shares during the period. Finally, Brooklyn Investment Group lifted 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 buying an additional 2,061 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the transaction, the insider owned 56,352 shares in the company, valued at approximately $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Pferdehirt sold 632,539 shares of TechnipFMC stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total value of $24,428,656.18. Following the completion of the sale, the chief executive officer directly owned 2,917,054 shares of the company’s stock, valued at approximately $112,656,625.48. The trade was a 17.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 876,603 shares of company stock worth $33,832,588. 1.80% of the stock is owned by insiders.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $40.98 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $16.58 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The business’s 50-day moving average price is $38.31 and its 200-day moving average price is $34.46. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $41.56.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $0.64 EPS. TechnipFMC’s revenue for the quarter was up 12.7% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC announced that its Board of Directors has approved a stock buyback program on Wednesday, October 22nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the oil and gas company to reacquire up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC’s payout ratio is presently 8.93%.

Analyst Ratings Changes

Several equities analysts have issued reports on FTI shares. Evercore ISI boosted their price target on TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. UBS Group reissued an “outperform” rating on shares of TechnipFMC in a research note on Tuesday. BNP Paribas Exane upgraded TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Friday, October 10th. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Susquehanna boosted their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TechnipFMC currently has a consensus rating of “Buy” and an average target price of $44.64.

TechnipFMC Company 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.