SG Americas Securities LLC Invests $486,000 in TechnipFMC plc $FTI

SG Americas Securities LLC bought a new stake in TechnipFMC plc (NYSE:FTI) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 14,100 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. Allianz Asset Management GmbH lifted its position in shares of TechnipFMC by 64.0% in the 1st quarter. Allianz Asset Management GmbH now owns 19,497 shares of the oil and gas company’s stock worth $618,000 after acquiring an additional 7,612 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of TechnipFMC by 5.0% in the first quarter. Avantax Advisory Services Inc. now owns 23,027 shares of the oil and gas company’s stock valued at $730,000 after purchasing an additional 1,106 shares in the last quarter. Cetera Investment Advisers lifted its position in TechnipFMC by 35.7% in the first quarter. Cetera Investment Advisers now owns 37,090 shares of the oil and gas company’s stock worth $1,175,000 after purchasing an additional 9,762 shares during the period. Federated Hermes Inc. boosted its stake in TechnipFMC by 54.4% during the first quarter. Federated Hermes Inc. now owns 183,907 shares of the oil and gas company’s stock worth $5,828,000 after buying an additional 64,793 shares in the last quarter. Finally, Cumberland Partners Ltd bought a new stake in TechnipFMC in the 1st quarter valued at $951,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

NYSE:FTI opened at $45.27 on Thursday. The stock has a market capitalization of $18.31 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $45.77. The firm has a 50 day moving average of $40.34 and a 200-day moving average of $36.67. The company has a current ratio of 1.13, a quick ratio of 0.90 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. TechnipFMC’s dividend payout ratio (DPR) is presently 8.93%.

TechnipFMC declared that its Board of Directors has authorized a share buyback program on Wednesday, October 22nd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the oil and gas company to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on FTI shares. Royal Bank Of Canada raised their price objective on shares of TechnipFMC from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. BNP Paribas set a $47.00 price target on shares of TechnipFMC and gave the stock an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a research note on Wednesday, October 8th. Piper Sandler raised their target price on TechnipFMC from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, Barclays boosted their price target on TechnipFMC from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Insiders Place Their Bets

In related news, CFO Alf Melin sold 113,760 shares of TechnipFMC stock in a transaction that occurred on Monday, September 22nd. The shares were 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 of the company’s stock, valued at $9,310,415.40. This trade represents a 32.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Pferdehirt sold 80,304 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.35, for a total transaction of $3,079,658.40. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 876,603 shares of company stock valued at $33,832,588. Company insiders own 1.80% 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.