TechnipFMC plc Ordinary Share (FTI) EVP Mark J. Scott Sells 32,000 Shares

TechnipFMC plc Ordinary Share (NYSE:FTI) EVP Mark J. Scott sold 32,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $31.87, for a total value of $1,019,840.00. Following the completion of the sale, the executive vice president now owns 77,678 shares of the company’s stock, valued at approximately $2,475,597.86. The sale was disclosed in a filing with the SEC, which is accessible through this link.

TechnipFMC plc Ordinary Share (NYSE:FTI) traded down 1.152% on Monday, reaching $31.325. The company had a trading volume of 3,043,839 shares. The firm has a market capitalization of $3.72 billion, a P/E ratio of 12.682 and a beta of 1.01. The company’s 50-day moving average price is $32.40 and its 200 day moving average price is $32.62. TechnipFMC plc Ordinary Share has a 1-year low of $30.61 and a 1-year high of $36.14.

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A number of hedge funds have recently made changes to their positions in the stock. DnB Asset Management AS boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.3% in the third quarter. DnB Asset Management AS now owns 14,936 shares of the company’s stock valued at $443,000 after buying an additional 50 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,190 shares of the company’s stock valued at $213,000 after buying an additional 50 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,938 shares of the company’s stock valued at $460,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.5% in the third quarter. Capstone Asset Management Co. now owns 15,852 shares of the company’s stock valued at $470,000 after buying an additional 76 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.4% in the third quarter. Advantus Capital Management Inc now owns 21,998 shares of the company’s stock valued at $653,000 after buying an additional 87 shares in the last quarter. 91.01% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the company. BMO Capital Markets set a $37.00 price target on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research note on Wednesday, March 1st. Scotiabank set a $40.00 price target on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Monday, February 27th. JPMorgan Chase & Co. upgraded TechnipFMC plc Ordinary Share from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $44.00 in a research note on Monday, February 27th. Jefferies Group LLC assumed coverage on TechnipFMC plc Ordinary Share in a research note on Monday, February 6th. They issued a “hold” rating and a $34.00 price target for the company. Finally, Barclays PLC assumed coverage on TechnipFMC plc Ordinary Share in a research note on Wednesday, February 1st. They issued an “equal weight” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.95.

TechnipFMC plc Ordinary Share Company Profile

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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