Creative Planning Purchases 12,240 Shares of TechnipFMC plc $FTI

Creative Planning increased its position in TechnipFMC plc (NYSE:FTI) by 50.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,492 shares of the oil and gas company’s stock after acquiring an additional 12,240 shares during the period. Creative Planning’s holdings in TechnipFMC were worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Credit Agricole S A grew its stake in shares of TechnipFMC by 170.3% during the 1st quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company’s stock valued at $2,982,000 after purchasing an additional 59,281 shares during the period. OMNI 360 Wealth Inc. bought a new position in shares of TechnipFMC in the 2nd quarter worth approximately $226,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of TechnipFMC by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,761,185 shares of the oil and gas company’s stock worth $119,192,000 after buying an additional 111,644 shares during the last quarter. Entropy Technologies LP bought a new stake in TechnipFMC during the first quarter valued at approximately $1,056,000. Finally, Raymond James Financial Inc. increased its holdings in TechnipFMC by 26.2% during the first quarter. Raymond James Financial Inc. now owns 399,126 shares of the oil and gas company’s stock valued at $12,648,000 after buying an additional 82,902 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $44.90 on Friday. The company has a market cap of $18.16 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.20 and a beta of 1.00. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $45.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13. The firm’s fifty day moving average is $40.57 and its two-hundred day moving average is $36.83.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share 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 firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 22nd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

TechnipFMC Announces Dividend

The company 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 payout ratio is presently 8.93%.

Insider Transactions at TechnipFMC

In related news, 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 value of $3,079,658.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thierry Conti sold 50,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the transaction, the insider owned 56,352 shares of the company’s stock, valued at $2,177,441.28. This trade represents a 47.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 876,603 shares of company stock valued at $33,832,588 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FTI shares. Jefferies Financial Group lifted their price target on shares of TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. UBS Group reissued an “outperform” rating on shares of TechnipFMC in a report on Tuesday, October 28th. Piper Sandler upped their price target on TechnipFMC from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Citigroup lifted their price objective on TechnipFMC from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Barclays increased their target price on shares of TechnipFMC from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.