Mitsubishi UFJ Asset Management Co. Ltd. Has $1.22 Million Stake in TechnipFMC plc $FTI

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TechnipFMC plc (NYSE:FTI) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,530 shares of the oil and gas company’s stock after buying an additional 3,069 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in TechnipFMC were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Xponance Inc. grew its holdings in TechnipFMC by 7.8% during the 1st quarter. Xponance Inc. now owns 21,801 shares of the oil and gas company’s stock worth $691,000 after acquiring an additional 1,580 shares during the period. New York State Common Retirement Fund increased its holdings in TechnipFMC by 18.7% in the first quarter. New York State Common Retirement Fund now owns 307,254 shares of the oil and gas company’s stock worth $9,737,000 after purchasing an additional 48,500 shares in the last quarter. Stephens Inc. AR increased its holdings in TechnipFMC by 5.8% in the first quarter. Stephens Inc. AR now owns 14,920 shares of the oil and gas company’s stock worth $473,000 after purchasing an additional 816 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in TechnipFMC by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 362 shares during the period. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of TechnipFMC by 29.7% during the 1st quarter. Impact Partnership Wealth LLC now owns 11,630 shares of the oil and gas company’s stock worth $369,000 after buying an additional 2,663 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

TechnipFMC stock opened at $43.77 on Friday. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $44.34. The company’s 50 day moving average price is $39.62 and its two-hundred day moving average price is $35.79. The stock has a market cap of $17.70 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.20 and a beta of 1.00. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The company 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%.TechnipFMC’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

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

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, November 18th will be paid 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 presently 8.93%.

Insider Transactions at TechnipFMC

In related news, insider Thierry Conti sold 50,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value of $1,932,000.00. Following the transaction, the insider directly owned 56,352 shares of the company’s stock, valued at approximately $2,177,441.28. The trade was a 47.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alf Melin sold 113,760 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 876,603 shares of company stock worth $33,832,588 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FTI. Barclays increased their price objective on shares of TechnipFMC from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Zacks Research downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group upped their target price on shares of TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BNP Paribas set a $47.00 price target on shares of TechnipFMC and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Susquehanna boosted their price objective on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.36.

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.