CSM Advisors LLC Takes $486,000 Position in TechnipFMC plc $FTI

CSM Advisors LLC purchased a new stake in TechnipFMC plc (NYSE:FTI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,125 shares of the oil and gas company’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in TechnipFMC during the second quarter worth about $44,000. Financial Network Wealth Advisors LLC boosted its holdings in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the period. New York State Teachers Retirement System grew its position in shares of TechnipFMC by 82.5% during the 2nd 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 in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of TechnipFMC by 2,216.1% during the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,061 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FTI. UBS Group restated an “outperform” rating on shares of TechnipFMC in a research report on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on TechnipFMC from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Susquehanna boosted their price target on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Piper Sandler upped their price objective on TechnipFMC from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, BNP Paribas set a $47.00 target price on TechnipFMC and gave the company an “outperform” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $45.36.

TechnipFMC Trading Up 1.9%

NYSE FTI opened at $43.68 on Tuesday. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $43.90. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average is $39.25 and its 200 day moving average is $35.48.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared 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 8.93%.

TechnipFMC announced that its Board of Directors has approved a stock buyback 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 usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

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

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.