TechnipFMC plc (NYSE:FTI) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 24.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,536,710 shares of the oil and gas company’s stock after purchasing an additional 301,329 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.36% of TechnipFMC worth $40,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oak Thistle LLC boosted its position in TechnipFMC by 3.2% during the 2nd quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company’s stock worth $358,000 after acquiring an additional 421 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of TechnipFMC by 5.1% during the second quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 433 shares during the period. GAMMA Investing LLC raised its stake in shares of TechnipFMC by 73.1% during the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 492 shares in the last quarter. Ballentine Partners LLC lifted its holdings in TechnipFMC by 4.8% in the third quarter. Ballentine Partners LLC now owns 11,223 shares of the oil and gas company’s stock worth $294,000 after purchasing an additional 515 shares during the period. Finally, Creative Planning grew its position in TechnipFMC by 3.2% in the 2nd quarter. Creative Planning now owns 17,392 shares of the oil and gas company’s stock valued at $455,000 after buying an additional 546 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Down 1.1 %

Shares of NYSE FTI opened at $28.18 on Friday. The business has a fifty day simple moving average of $26.54 and a 200-day simple moving average of $26.36. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 18.54 and a beta of 1.51. TechnipFMC plc has a 12 month low of $18.33 and a 12 month high of $29.85. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts predict that TechnipFMC plc will post 1.47 EPS for the current year.

TechnipFMC announced that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, November 19th. TechnipFMC’s dividend payout ratio (DPR) is currently 13.16%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FTI. BMO Capital Markets boosted their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Susquehanna boosted their target price on TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a report on Friday, October 25th. Citigroup increased their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. Hsbc Global Res upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Barclays upped their price objective on TechnipFMC from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $33.60.

TechnipFMC 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.