Vanguard Personalized Indexing Management LLC Purchases 8,262 Shares of TechnipFMC plc (NYSE:FTI)

Vanguard Personalized Indexing Management LLC grew its position in TechnipFMC plc (NYSE:FTI) by 46.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,216 shares of the oil and gas company’s stock after acquiring an additional 8,262 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in TechnipFMC were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of TechnipFMC by 320.3% in the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after buying an additional 30,323,011 shares during the last quarter. Invesco Ltd. lifted its stake in shares of TechnipFMC by 75.7% in the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock valued at $263,809,000 after purchasing an additional 5,587,050 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TechnipFMC by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock worth $207,764,000 after purchasing an additional 593,828 shares during the period. American Century Companies Inc. increased its position in shares of TechnipFMC by 161.9% during 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 purchasing an additional 3,283,972 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in TechnipFMC by 68.7% during 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 buying an additional 1,629,170 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 1.0 %

NYSE FTI opened at $25.84 on Friday. TechnipFMC plc has a 52 week low of $13.11 and a 52 week high of $27.30. The company has a 50 day moving average price of $25.95 and a 200 day moving average price of $22.28. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a market cap of $11.13 billion, a PE ratio of 54.97 and a beta of 1.61.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.96 billion. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that TechnipFMC plc will post 1.18 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be paid a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FTI. TD Cowen raised their target price on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Bank of America boosted their target price on TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Piper Sandler raised their price target on TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Finally, Barclays boosted their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.

About TechnipFMC

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.