1,452 Shares in TechnipFMC plc (NYSE:FTI) Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,452 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC in the 4th quarter valued at about $45,000. V Square Quantitative Management LLC increased its holdings in TechnipFMC by 48.2% in 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 buying an additional 563 shares during the period. True Wealth Design LLC bought a new position in TechnipFMC in the 3rd quarter valued at about $57,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in TechnipFMC by 106.4% in 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 buying an additional 1,047 shares during the period. 96.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on FTI shares. Royal Bank of Canada started coverage on shares of TechnipFMC in a report on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price on the stock. Barclays raised 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. Citigroup raised their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $36.31.

TechnipFMC Stock Up 2.2 %

Shares of NYSE FTI opened at $25.86 on Wednesday. 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 52-week low of $22.08 and a 52-week high of $33.45. 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’s 50 day moving average price is $30.26 and its 200-day moving average price is $28.62.

TechnipFMC Dividend Announcement

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

TechnipFMC 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.