Brokerages Set TechnipFMC plc (NYSE:FTI) Price Target at $36.31

TechnipFMC plc (NYSE:FTI) has earned an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.31.

A number of equities research analysts have weighed in on the company. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Evercore ISI raised their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Piper Sandler boosted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Barclays increased their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $25.00 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10.51 billion, a PE ratio of 16.44 and a beta of 1.11. The firm has a 50 day moving average of $28.55 and a 200-day moving average of $28.98. TechnipFMC has a 12 month low of $22.12 and a 12 month high of $33.45.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. TechnipFMC’s payout ratio is currently 10.42%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,706 shares of company stock valued at $1,651,665. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTI. Baker Tilly Wealth Management LLC grew its stake in TechnipFMC by 4.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 338 shares during the period. Yousif Capital Management LLC grew its position in TechnipFMC by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 357 shares during the period. Sigma Planning Corp increased its stake 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 valued at $334,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC raised its holdings in TechnipFMC by 22.3% during the fourth 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 last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 423 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

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.