International Assets Investment Management LLC Invests $203,000 in TechnipFMC plc (NYSE:FTI)

International Assets Investment Management LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,070 shares of the oil and gas company’s stock, valued at approximately $203,000.

Several other hedge funds also recently modified their holdings of FTI. Vanguard Group Inc. increased its holdings in shares of TechnipFMC by 320.3% in the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after purchasing an additional 30,323,011 shares in the last quarter. Invesco Ltd. boosted its position in shares of TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after purchasing an additional 5,587,050 shares in the last quarter. American Century Companies Inc. lifted its position in TechnipFMC by 161.9% in the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after acquiring an additional 3,283,972 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in TechnipFMC by 68.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock valued at $81,380,000 after acquiring an additional 1,629,170 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in TechnipFMC by 4,326.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,466,063 shares of the oil and gas company’s stock valued at $29,820,000 after acquiring an additional 1,432,940 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

FTI opened at $26.59 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.16. The stock has a market capitalization of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65. The company’s 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $21.57. TechnipFMC plc has a 52-week low of $12.64 and a 52-week high of $27.26.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts predict that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC’s payout ratio is 42.55%.

Wall Street Analysts Forecast Growth

FTI has been the topic of several recent analyst reports. Bank of America boosted their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research note on Monday, April 15th. Susquehanna upped their price objective on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research report on Friday. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of TechnipFMC in a research report on Friday. TD Cowen increased their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays increased their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by company 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.