TechnipFMC plc (NYSE:FTI – Get Free Report) CAO David Light sold 10,147 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were 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 approximately $187,472.10. This trade represents a 57.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
TechnipFMC Trading Up 0.2 %
Shares of FTI opened at $26.44 on Friday. The stock has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $28.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 52-week low of $22.99 and a 52-week 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.
TechnipFMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a $0.05 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC’s payout ratio is 10.42%.
Institutional Investors Weigh In On TechnipFMC
Analyst Upgrades and Downgrades
FTI has been the subject of a number of recent analyst reports. Citigroup increased their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. TD Cowen reiterated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Royal Bank of Canada assumed coverage on TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Jefferies Financial Group raised 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 research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $36.31.
Check Out Our Latest Stock Report on TechnipFMC
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.
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