TechnipFMC plc Ordinary Share (NYSE:FTI) EVP Mark J. Scott sold 32,000 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $31.87, for a total value of $1,019,840.00. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 31.39 on Tuesday. The stock’s 50 day moving average price is $32.40 and its 200-day moving average price is $32.62. The firm has a market capitalization of $3.73 billion, a PE ratio of 12.71 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 12 month low of $30.61 and a 12 month high of $36.14.

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FTI has been the subject of a number of analyst reports. BMO Capital Markets set a $37.00 price target on TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a report on Wednesday, March 1st. JPMorgan Chase & Co. upgraded TechnipFMC plc Ordinary Share from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $44.00 in a research note on Monday, February 27th. Guggenheim restated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 7th. Royal Bank of Canada restated a “hold” rating and set a $42.00 price objective on shares of TechnipFMC plc Ordinary Share in a research note on Friday, January 6th. Finally, Barclays PLC restated a “hold” rating and set a $42.00 price objective on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.95.

Large investors have recently modified their holdings of the stock. DnB Asset Management AS increased 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 increased 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 increased 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. increased 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 increased 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 currently owned by institutional investors.

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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