Deutsche Bank AG Purchases Shares of 1,104,380 TechnipFMC plc $FTI

Deutsche Bank AG acquired a new stake in TechnipFMC plc (NYSE:FTI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,104,380 shares of the oil and gas company’s stock, valued at approximately $73,220,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in TechnipFMC in the 1st quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in TechnipFMC during the first quarter worth approximately $37,000. First Pacific Financial bought a new stake in TechnipFMC in the first quarter valued at approximately $52,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC in the third quarter valued at approximately $32,000. Finally, Summit Securities Group LLC acquired a new stake in shares of TechnipFMC in the first quarter valued at approximately $60,000. 96.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Royal Bank Of Canada raised their price target on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Wall Street Zen cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, UBS Group set a $80.00 price objective on shares of TechnipFMC in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Insider Buying and Selling at TechnipFMC

In related news, Director Eric D. Mullins bought 6,365 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the transaction, the director owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

TechnipFMC Stock Up 0.7%

Shares of FTI opened at $77.55 on Friday. TechnipFMC plc has a 12 month low of $34.67 and a 12 month high of $80.55. The firm’s 50 day moving average is $71.00 and its 200-day moving average is $69.15. The stock has a market capitalization of $30.41 billion, a PE ratio of 26.93, a P/E/G ratio of 1.58 and a beta of 0.72. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. Equities research analysts forecast that TechnipFMC plc will post 3.08 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s payout ratio is currently 6.94%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.