The Manufacturers Life Insurance Company Makes New Investment in TechnipFMC plc $FTI

Posted by Francis Steltz on Aug 29th, 2026

The Manufacturers Life Insurance Company purchased a new stake in shares of TechnipFMC plc (NYSE:FTI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 199,591 shares of the oil and gas company’s stock, valued at approximately $13,233,000.

A number of other hedge funds have also modified their holdings of FTI. Fiduciary Financial Advisors purchased a new stake in shares of TechnipFMC in the second quarter worth $145,000. L2 Asset Management LLC bought a new position in TechnipFMC in the 2nd quarter worth $896,000. Cibc World Market Inc. purchased a new stake in TechnipFMC in the 2nd quarter worth $11,408,000. OMERS ADMINISTRATION Corp bought a new stake in TechnipFMC during the second quarter valued at about $1,430,000. Finally, Osmosis Investment Management UK Ltd purchased a new position in shares of TechnipFMC in the second quarter valued at about $454,000. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Citigroup upped their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Barclays increased their price objective on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Evercore restated an “outperform” rating and set a $83.00 target price on shares of TechnipFMC in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.64.

Check Out Our Latest Stock Report on TechnipFMC

Insider Buying and Selling

In other TechnipFMC news, Director Eric D. Mullins acquired 6,365 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $78.55 per share, with a total value of $499,970.75. Following the purchase, the director directly owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This represents a 373.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

TechnipFMC Stock Performance

NYSE FTI opened at $75.81 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. TechnipFMC plc has a 1-year low of $35.29 and a 1-year high of $80.55. The business has a 50 day simple moving average of $72.07 and a two-hundred day simple moving average of $69.86. The stock has a market capitalization of $29.73 billion, a PE ratio of 26.32, a P/E/G ratio of 1.56 and a beta of 0.72.

TechnipFMC (NYSE:FTI – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. On average, research analysts predict that TechnipFMC plc will post 3.09 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s dividend payout ratio is presently 6.94%.

About TechnipFMC

(Free Report)

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.