Bank Julius Baer & Co. Ltd Zurich Takes $46,000 Position in TechnipFMC plc (NYSE:FTI)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,452 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC during the 4th quarter valued at $45,000. V Square Quantitative Management LLC increased its stake in TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in TechnipFMC by 106.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 1,047 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in TechnipFMC during the 3rd quarter valued at $57,000. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $25.86 on Wednesday. The company’s 50-day moving average is $30.26 and its 200 day moving average is $28.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The company has a market capitalization of $10.88 billion, a P/E ratio of 17.02 and a beta of 1.54. TechnipFMC plc has a fifty-two week low of $22.08 and a fifty-two week high of $33.45.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is currently 10.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen restated a “buy” rating and set a $37.00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. Piper Sandler boosted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Barclays boosted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price target for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Finally, 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. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of “Buy” and an average target price of $36.31.

TechnipFMC Company 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.