Emerald Advisers LLC Reduces Holdings in TechnipFMC plc $FTI

Emerald Advisers LLC cut its position in shares of TechnipFMC plc (NYSE:FTI) by 39.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,298 shares of the oil and gas company’s stock after selling 17,702 shares during the quarter. Emerald Advisers LLC’s holdings in TechnipFMC were worth $940,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in TechnipFMC by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company’s stock valued at $46,360,000 after buying an additional 8,823 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in TechnipFMC during the first quarter valued at approximately $205,000. Credit Agricole S A lifted its position in TechnipFMC by 170.3% during the first quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company’s stock valued at $2,982,000 after buying an additional 59,281 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in TechnipFMC by 0.8% during the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company’s stock valued at $109,001,000 after buying an additional 27,884 shares in the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new position in TechnipFMC during the second quarter valued at approximately $226,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TechnipFMC news, CFO Alf Melin sold 113,760 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the transaction, the chief financial officer owned 241,140 shares in the company, valued at $9,310,415.40. This trade represents a 32.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thierry Conti sold 50,000 shares of the stock in a transaction 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 transaction, the insider owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 876,603 shares of company stock worth $33,832,588 in the last 90 days. Company insiders own 1.80% of the company’s stock.

TechnipFMC Stock Performance

TechnipFMC stock opened at $40.98 on Thursday. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.21 and a beta of 1.04. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $41.56. The stock has a 50-day simple moving average of $38.31 and a 200 day simple moving average of $34.46. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14.

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

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

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, November 18th. TechnipFMC’s payout ratio is currently 8.93%.

Analysts Set New Price Targets

Several equities analysts have recently commented on FTI shares. Piper Sandler upped their price target on shares of TechnipFMC from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. BNP Paribas Exane raised shares of TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Friday, October 10th. BNP Paribas set a $47.00 price target on shares of TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their price target on shares of TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Barclays lifted their target price on shares of TechnipFMC from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $44.64.

TechnipFMC Company 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.