Teacher Retirement System of Texas Acquires 45,241 Shares of FMC Technologies, Inc. (FTI)

Teacher Retirement System of Texas boosted its holdings in FMC Technologies, Inc. (NYSE:FTI) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,471 shares of the oil and gas company’s stock after purchasing an additional 45,241 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of FMC Technologies worth $8,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Gateway Investment Advisers LLC lifted its stake in FMC Technologies by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after purchasing an additional 107 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of FMC Technologies by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 200 shares during the last quarter. Conning Inc. raised its stake in shares of FMC Technologies by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 200 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of FMC Technologies by 2.8% during the second quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 300 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of FMC Technologies by 4.8% during the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 379 shares during the last quarter. 66.88% of the stock is owned by institutional investors and hedge funds.

Shares of FMC Technologies, Inc. (FTI) opened at $26.62 on Friday. The firm has a market cap of $12,380.00 and a PE ratio of 21.73. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. FMC Technologies, Inc. has a fifty-two week low of $24.53 and a fifty-two week high of $36.14.

FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. equities analysts expect that FMC Technologies, Inc. will post 1.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, November 20th.

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Several brokerages have recently commented on FTI. The Goldman Sachs Group, Inc. downgraded shares of FMC Technologies from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Monday, November 13th. Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a research note on Thursday, July 27th. Scotiabank set a $36.00 price objective on shares of FMC Technologies and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub raised shares of FMC Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, UBS AG reaffirmed a “buy” rating and set a $36.00 price objective (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.83.

About FMC Technologies

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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