Savant Capital LLC Decreases Stock Holdings in TechnipFMC plc $FTI

Savant Capital LLC decreased its stake in shares of TechnipFMC plc (NYSE:FTI) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,282 shares of the oil and gas company’s stock after selling 10,208 shares during the period. Savant Capital LLC’s holdings in TechnipFMC were worth $4,831,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of TechnipFMC by 45.3% during 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 buying an additional 340 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in TechnipFMC during the second quarter valued at $44,000. Financial Network Wealth Advisors LLC lifted its holdings 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 acquiring an additional 346 shares during the period. New York State Teachers Retirement System boosted its position in TechnipFMC by 82.5% in the second quarter. New York State Teachers Retirement System now owns 1,927 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 871 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of TechnipFMC by 2,216.1% during the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,061 shares during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $42.78 on Friday. The stock has a market cap of $17.30 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $43.09. The firm has a fifty day moving average price of $39.11 and a 200-day moving average price of $35.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 0.90.

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

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s dividend payout ratio (DPR) is currently 8.93%.

TechnipFMC announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 13.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FTI shares. BNP Paribas Exane upgraded shares of TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research note on Friday, October 10th. Citigroup increased their price target on shares of TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BNP Paribas set a $47.00 price target on shares of TechnipFMC and gave the stock an “outperform” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, UBS Group reaffirmed an “outperform” rating on shares of TechnipFMC in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of “Buy” and an average target price of $45.36.

Insider Activity at TechnipFMC

In related news, CEO Douglas J. Pferdehirt sold 80,304 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.35, for a total value of $3,079,658.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thierry Conti sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the transaction, the insider owned 56,352 shares of the company’s stock, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 876,603 shares of company stock valued at $33,832,588. 1.80% of the stock is owned by company 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.