TechnipFMC plc (NYSE:FTI - Get Free Report) CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
TechnipFMC Trading Up 0.2 %
NYSE FTI opened at $26.44 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a twelve month low of $22.99 and a twelve month high of $33.45. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 17.40 and a beta of 1.54. The business's fifty day moving average is $30.21 and its 200 day moving average is $28.60.
TechnipFMC Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's payout ratio is presently 10.42%.
Analyst Ratings Changes
Several brokerages have issued reports on FTI. Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Citigroup increased their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Royal Bank of Canada assumed coverage on TechnipFMC in a report on Monday, November 18th. They set an "outperform" rating and a $37.00 price objective for the company. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and increased their price objective for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Finally, The Goldman Sachs Group assumed coverage on TechnipFMC in a report on Friday, December 13th. They set a "buy" rating and a $38.00 price objective for the company. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TechnipFMC presently has an average rating of "Buy" and an average target price of $36.31.
View Our Latest Stock Analysis on FTI
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Baker Tilly Wealth Management LLC lifted its holdings in TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after buying an additional 338 shares during the period. Yousif Capital Management LLC lifted its holdings in TechnipFMC by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after buying an additional 357 shares during the period. Sigma Planning Corp lifted its holdings in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after buying an additional 363 shares during the period. GAMMA Investing LLC lifted its holdings in TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after buying an additional 414 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in TechnipFMC by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after buying an additional 423 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.
About TechnipFMC
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
