Key Points
- CFO Alf Melin sold 43,554 shares on March 10 at an average price of $63.13 for about $2.75M, reducing his stake by 15.42% to 238,983 shares valued near $15.09M.
- Multiple senior insiders executed large sales (including the CEO's ~733,424 shares), significantly cutting insider holdings and creating negative market sentiment around the stock.
- TechnipFMC beat Q4 EPS expectations with $0.70 (vs. $0.51) on $2.52B revenue, announced a $0.05 quarterly dividend (0.3% yield), and has seen recent analyst target increases up to ~$70.00.
TechnipFMC plc (NYSE:FTI - Get Free Report) CAO David Light sold 6,622 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer owned 5,005 shares in the company, valued at $312,462.15. The trade was a 56.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
TechnipFMC Stock Performance
NYSE:FTI traded down $2.55 during midday trading on Thursday, reaching $61.83. 116,553 shares of the company traded hands, compared to its average volume of 3,860,347. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $68.29. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. The company has a fifty day moving average price of $57.72 and a 200 day moving average price of $47.04.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. On average, analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.
TechnipFMC Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC's dividend payout ratio (DPR) is 8.66%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on FTI. Zacks Research raised shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 23rd. HSBC cut TechnipFMC from a "buy" rating to a "hold" rating and lifted their price target for the company from $49.00 to $62.00 in a report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on TechnipFMC from $47.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Weiss Ratings restated a "buy (b)" rating on shares of TechnipFMC in a research report on Thursday, January 22nd. Finally, Citigroup lifted their target price on TechnipFMC from $48.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.47.
Check Out Our Latest Analysis on FTI
Hedge Funds Weigh In On TechnipFMC
Several large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of TechnipFMC by 5,475.0% in the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 657 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in TechnipFMC during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC during the third quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its position in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after buying an additional 340 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TechnipFMC in the fourth quarter valued at $41,000. Institutional investors own 96.58% of the company's stock.
Key Stories Impacting TechnipFMC
Here are the key news stories impacting TechnipFMC this week:
- Positive Sentiment: Zacks highlights a chart "hammer" pattern and improving earnings estimate revisions for FTI, suggesting the stock may have found near-term support and could be poised for a reversal. Here's Why FMC Technologies (FTI) Looks Ripe for Bottom Fishing
- Positive Sentiment: Zacks also profiles FTI as a strong growth candidate based on style scores (earnings growth, momentum measures), which could attract growth-oriented buyers if momentum resumes. Here's Why FMC Technologies (FTI) is a Strong Growth Stock
- Neutral Sentiment: A broader Zacks momentum screener piece lists high-momentum names; it is a market-context item rather than company-specific news, so its immediate impact on FTI is unclear. 3 High-Momentum Stocks Poised for Big Gains Right Now
- Negative Sentiment: Large, coordinated insider sales by multiple senior executives are the most market-moving item: CEO Douglas Pferdehirt sold 733,424 shares (~$45.65M at ~$62.24), CFO Alf Melin sold ~127,275 shares across filings (~$7.9M), EVP Justin Rounce sold 172,276 shares (~$10.7M), EVP Luana Duffe sold 47,951 shares (~$3.0M), insider Jonathan Landes sold 116,194 shares (~$7.23M), and CAO David Light sold 6,622 shares (~$413k). These transactions materially reduced insider holdings (many >20–50% reductions) and are likely weighing on sentiment. SEC filings: CEO Filing CFO Filings Luana Duffe Filing Jonathan Landes Filing Justin Rounce Filing David Light Filing
TechnipFMC Company Profile
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Get Free Report)
TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.
Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.
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