24,112 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Prudential PLC

Prudential PLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) in the first quarter, HoldingsChannel reports. The firm bought 24,112 shares of the oil and gas company’s stock, valued at approximately $764,000.

Other large investors have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of TechnipFMC during the 1st quarter worth approximately $33,000. Quarry LP grew its stake in shares of TechnipFMC by 95.9% during the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,248 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock worth $91,000 after acquiring an additional 614 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company’s stock worth $92,000 after acquiring an additional 2,219 shares in the last quarter. Finally, Acuitas Investments LLC grew its stake in shares of TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 400 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FTI shares. Susquehanna raised their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Barclays raised their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Evercore ISI increased their price objective on TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Citigroup reissued a “buy” rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TechnipFMC currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.92.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company’s stock, valued at $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Trading Down 1.7%

FTI stock opened at $35.01 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The company has a fifty day moving average price of $34.80 and a two-hundred day moving average price of $30.95. TechnipFMC plc has a one year low of $22.11 and a one year high of $38.05. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC’s payout ratio is 9.43%.

About TechnipFMC

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.