Atria Wealth Solutions Inc. Sells 461 Shares of TechnipFMC plc $FTI

Atria Wealth Solutions Inc. decreased its position in shares of TechnipFMC plc (NYSE:FTI) by 2.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,702 shares of the oil and gas company’s stock after selling 461 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in TechnipFMC were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTI. Farther Finance Advisors LLC grew its position in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company’s stock worth $92,000 after buying an additional 2,219 shares in the last quarter. GAMMA Investing LLC grew its position in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock worth $91,000 after buying an additional 614 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of TechnipFMC by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 88,101 shares of the oil and gas company’s stock worth $2,792,000 after buying an additional 6,947 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of TechnipFMC during the 1st quarter worth $205,000. Finally, Flagship Harbor Advisors LLC grew its position in shares of TechnipFMC by 20.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,353 shares of the oil and gas company’s stock worth $328,000 after buying an additional 1,727 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Up 0.6%

TechnipFMC stock opened at $35.93 on Monday. The stock has a 50-day moving average of $37.64 and a two-hundred day moving average of $33.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC plc has a one year low of $22.11 and a one year high of $41.29. The stock has a market cap of $14.77 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.06 and a beta of 1.04.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business posted $0.43 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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 was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. TechnipFMC’s dividend payout ratio (DPR) is 9.43%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FTI shares. JPMorgan Chase & Co. upped their price objective on TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. BNP Paribas Exane upgraded 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. Royal Bank Of Canada upped their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Evercore ISI upped their price objective on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.93.

Insiders Place Their Bets

In other news, CFO Alf Melin sold 113,760 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares of the company’s stock, valued at approximately $9,310,415.40. This represents a 32.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Pferdehirt sold 80,304 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.35, for a total value of $3,079,658.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by corporate 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.