Savant Capital LLC Has $1.19 Million Holdings in TechnipFMC plc (NYSE:FTI)

Savant Capital LLC raised its position in shares of TechnipFMC plc (NYSE:FTI) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,156 shares of the oil and gas company’s stock after buying an additional 1,906 shares during the period. Savant Capital LLC’s holdings in TechnipFMC were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hardman Johnston Global Advisors LLC increased its holdings in TechnipFMC by 13.5% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock valued at $236,482,000 after purchasing an additional 1,071,103 shares in the last quarter. State Street Corp grew its holdings in shares of TechnipFMC by 1.7% during the third quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company’s stock worth $215,100,000 after purchasing an additional 133,775 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of TechnipFMC in the third quarter valued at $185,643,000. Franklin Resources Inc. raised its holdings in shares of TechnipFMC by 23.0% in the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock valued at $98,838,000 after buying an additional 679,748 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in TechnipFMC by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,399,822 shares of the oil and gas company’s stock worth $89,177,000 after acquiring an additional 219,081 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 target price for the company. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. HSBC raised TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 29th. Citigroup upped their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price objective on TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $36.15.

TechnipFMC Stock Up 0.0 %

TechnipFMC stock opened at $30.30 on Friday. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 19.93 and a beta of 1.52. The company’s 50 day simple moving average is $30.74 and its 200 day simple moving average is $28.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a fifty-two week low of $19.23 and a fifty-two week high of $33.45.

TechnipFMC declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.