17,606 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TechnipFMC plc (NYSE:FTI) during the first quarter, HoldingsChannel.com reports. The fund acquired 17,606 shares of the oil and gas company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTI. Whittier Trust Co. acquired a new position in shares of TechnipFMC in the first quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC in the fourth quarter valued at approximately $33,000. Quarry LP lifted its stake in TechnipFMC by 76.6% in the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 768 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in TechnipFMC in the fourth quarter valued at approximately $45,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in TechnipFMC by 367.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas company’s stock valued at $89,000 after buying an additional 2,790 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FTI has been the topic of several recent analyst reports. TD Cowen boosted their price target on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Citigroup boosted their price target on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Piper Sandler boosted their price target on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Benchmark reissued a “buy” rating and issued a $30.00 price target on shares of TechnipFMC in a research note on Friday, April 26th. Finally, Bank of America upped their target price on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.62.

TechnipFMC Trading Up 4.0 %

Shares of TechnipFMC stock opened at $28.38 on Friday. The stock has a fifty day simple moving average of $25.99 and a 200 day simple moving average of $24.00. TechnipFMC plc has a 12-month low of $17.36 and a 12-month high of $29.24. The company has a market capitalization of $12.23 billion, a P/E ratio of 60.38 and a beta of 1.52. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. TechnipFMC’s revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TechnipFMC plc will post 1.2 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 5,928 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total value of $153,001.68. Following the completion of the transaction, the chief accounting officer now owns 11,534 shares in the company, valued at approximately $297,692.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.