Dianne B. Ralston Sells 16,650 Shares of TechnipFMC plc Ordinary Share (FTI) Stock

TechnipFMC plc Ordinary Share (NYSE:FTI) EVP Dianne B. Ralston sold 16,650 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $29.99, for a total transaction of $499,333.50. Following the sale, the executive vice president now owns 105,105 shares in the company, valued at $3,152,098.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TechnipFMC plc Ordinary Share (FTI) opened at $30.78 on Friday. The company has a market cap of $13,904.44, a PE ratio of 17.03, a PEG ratio of 7.71 and a beta of 0.91. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. TechnipFMC plc Ordinary Share has a fifty-two week low of $24.53 and a fifty-two week high of $35.00.

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TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.24). The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.85 billion. TechnipFMC plc Ordinary Share had a net margin of 2.14% and a return on equity of 6.05%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. equities research analysts forecast that TechnipFMC plc Ordinary Share will post 1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Tuesday, March 20th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.69%. TechnipFMC plc Ordinary Share’s dividend payout ratio (DPR) is presently 75.36%.

FTI has been the topic of a number of analyst reports. Morgan Stanley reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 6th. Griffin Securities reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Monday, December 4th. Scotiabank set a $33.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Tudor Pickering upgraded shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Finally, Societe Generale assumed coverage on shares of TechnipFMC plc Ordinary Share in a research note on Thursday, November 16th. They set a “buy” rating and a $38.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.64.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can raised its holdings in TechnipFMC plc Ordinary Share by 70.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,783 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in TechnipFMC plc Ordinary Share by 153.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,949 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 2,392 shares during the period. Macquarie Group Ltd. acquired a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at approximately $190,000. Bank of Nova Scotia Trust Co. acquired a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at approximately $192,000. Finally, Amalgamated Bank acquired a new stake in TechnipFMC plc Ordinary Share during the 4th quarter valued at approximately $215,000. Institutional investors and hedge funds own 64.77% of the company’s stock.

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About TechnipFMC plc Ordinary Share

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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