Fisher Asset Management LLC Buys 16,520 Shares of TechnipFMC plc (NYSE:FTI)

Fisher Asset Management LLC increased its stake in TechnipFMC plc (NYSE:FTI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 550,127 shares of the oil and gas company’s stock after purchasing an additional 16,520 shares during the quarter. Fisher Asset Management LLC owned approximately 0.13% of TechnipFMC worth $15,921,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTI. Compagnie Lombard Odier SCmA bought a new stake in shares of TechnipFMC in the 4th quarter worth approximately $45,000. V Square Quantitative Management LLC raised its holdings in shares of TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of TechnipFMC in the 3rd quarter worth approximately $56,000. True Wealth Design LLC bought a new stake in shares of TechnipFMC in the 3rd quarter worth approximately $57,000. Finally, GAMMA Investing LLC raised its holdings in shares of TechnipFMC by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 414 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

FTI has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group began coverage on shares of TechnipFMC in a report on Friday, December 13th. They set a “buy” rating and a $38.00 target price on the stock. TD Cowen reissued a “buy” rating and set a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their target price for the company from $29.00 to $40.00 in a report on Friday, December 6th. Finally, Evercore ISI boosted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $36.31.

TechnipFMC Stock Down 4.2 %

FTI opened at $28.19 on Tuesday. The company has a fifty day moving average price of $30.60 and a 200-day moving average price of $28.62. The firm has a market capitalization of $11.99 billion, a P/E ratio of 18.55 and a beta of 1.52. 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 one year low of $21.36 and a one year high of $33.45.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. TechnipFMC’s dividend payout ratio (DPR) is currently 10.42%.

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.