Benjamin Edwards Inc. Buys New Stake in TechnipFMC plc $FTI

Benjamin Edwards Inc. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 10,658 shares of the oil and gas company’s stock, valued at approximately $475,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC purchased a new position in TechnipFMC during the 4th quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new position in TechnipFMC during the 3rd quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TechnipFMC in the 4th quarter worth $41,000. Torren Management LLC purchased a new position in shares of TechnipFMC in the 4th quarter worth $45,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FTI. Susquehanna lifted their price objective on shares of TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a research note on Friday, May 1st. The Goldman Sachs Group lifted their price objective on shares of TechnipFMC from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets lifted their price objective on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. TD Cowen reiterated a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and issued a $83.00 target price on shares of TechnipFMC in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.53.

TechnipFMC Price Performance

FTI stock opened at $70.18 on Friday. TechnipFMC plc has a 12 month low of $28.87 and a 12 month high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $69.62 and a 200 day moving average price of $56.04. The stock has a market cap of $27.98 billion, a PE ratio of 26.79, a P/E/G ratio of 1.42 and a beta of 0.74.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that TechnipFMC plc will post 2.93 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s payout ratio is presently 7.63%.

Insider Activity at TechnipFMC

In related news, insider Jonathan Landes sold 116,194 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the transaction, the insider owned 71,356 shares in the company, valued at $4,438,343.20. The trade was a 61.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Pferdehirt sold 733,424 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.24, for a total value of $45,648,309.76. Following the transaction, the chief executive officer owned 2,411,852 shares of the company’s stock, valued at approximately $150,113,668.48. The trade was a 23.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,216,442 shares of company stock worth $75,762,414 over the last quarter. 1.40% of the stock is owned by insiders.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.