Strs Ohio Has $9.60 Million Stock Holdings in TechnipFMC plc (NYSE:FTI)

Strs Ohio decreased its stake in TechnipFMC plc (NYSE:FTI) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 476,767 shares of the oil and gas company’s stock after selling 44,866 shares during the period. Strs Ohio’s holdings in TechnipFMC were worth $9,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTI. State Board of Administration of Florida Retirement System grew its position in TechnipFMC by 0.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock worth $2,571,000 after purchasing an additional 660 shares in the last quarter. Fulton Bank N.A. raised its position in TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 683 shares during the period. Janney Capital Management LLC lifted its stake in TechnipFMC by 2.8% in the 3rd quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock worth $546,000 after acquiring an additional 722 shares in the last quarter. Dfpg Investments LLC boosted its position in TechnipFMC by 2.4% during the 4th quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock worth $623,000 after acquiring an additional 738 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in shares of TechnipFMC by 2.7% in the 2nd quarter. Natixis Advisors L.P. now owns 29,370 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $25.32 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The company has a market cap of $11.07 billion, a PE ratio of 211.00 and a beta of 1.65. The firm has a fifty day moving average price of $23.30 and a two-hundred day moving average price of $21.25. TechnipFMC plc has a fifty-two week low of $12.64 and a fifty-two week high of $27.26.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s revenue was up 22.6% on a year-over-year basis. Analysts expect that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. TechnipFMC’s dividend payout ratio is currently 166.67%.

Analyst Ratings Changes

FTI has been the topic of several research reports. Susquehanna reiterated a “positive” rating and issued a $27.00 price objective on shares of TechnipFMC in a research note on Monday, April 8th. Benchmark reiterated a “buy” rating and set a $30.00 price objective (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. ATB Capital set a $30.00 target price on TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target for the company. in a research note on Friday, February 23rd. Finally, Barclays lifted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average price target of $25.34.

Insider Buying and Selling at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.06% 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.