American Century Companies Inc. Purchases 46,224 Shares of TechnipFMC plc (NYSE:FTI)

American Century Companies Inc. boosted its holdings in TechnipFMC plc (NYSE:FTI) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,869,442 shares of the oil and gas company’s stock after acquiring an additional 46,224 shares during the quarter. American Century Companies Inc. owned 0.91% of TechnipFMC worth $111,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of TechnipFMC during the 4th quarter valued at about $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of TechnipFMC during the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC raised its holdings in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in TechnipFMC by 48.2% during the fourth 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 during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Up 0.1 %

Shares of FTI stock opened at $29.31 on Monday. The stock has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $28.70. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The firm has a market capitalization of $12.33 billion, a PE ratio of 19.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. TechnipFMC’s dividend payout ratio is presently 10.42%.

Insiders Place Their Bets

In other TechnipFMC news, CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares of the company’s stock, valued at $187,472.10. This represents a 57.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price 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. Piper Sandler increased their target price on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Evercore ISI boosted their price target on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their price objective for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Finally, TD Cowen reaffirmed a “buy” rating and set a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.