In the last trading session, 4.38 million TechnipFMC plc (NYSE:FTI) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $28.80 changed hands at $0.08 or 0.28% during last session, the market valuation stood at $12.07B. FTI’s last price was a discount, traded about -16.15% off its 52-week high of $33.45. The share price had its 52-week low at $22.11, which suggests the last value was 23.23% up since then. When we look at TechnipFMC plc’s average trading volume, we note the 10-day average is 5.65 million shares, with the 3-month average coming to 5.15 million.
Analysts gave the TechnipFMC plc (FTI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.52. If we narrow down to specifics, the data shows that 1 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended FTI as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight.
TechnipFMC plc (NYSE:FTI) trade information
Instantly FTI was in green as seen at the end of in last trading. With action 14.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.48%, with the 5-day performance at 14.29% in the green. However, in the 30-day time frame, TechnipFMC plc (NYSE:FTI) is -7.63% down. Looking at the short shares, we see there were 9.93 million shares sold at short interest cover period of 1.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 28.0% from its current market value. According to analyst projections, FTI’s forecast low is 37 with 43 as the target high. To hit the forecast high, the stock’s price needs a -49.31% plunge from its current level, while the stock would need to soar -28.47% for it to hit the projected low.
The 2025 estimates are for TechnipFMC plc earnings to increase by 12.59%, but the outlook for the next 5-year period is at 16.32% per year.
FTI Dividends
TechnipFMC plc is expected to release its next quarterly earnings report on 2025-Apr-23. The 0.69% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 0.69% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
TechnipFMC plc (NYSE:FTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.13% of TechnipFMC plc shares while 98.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.92%. There are 98.79% institutions holding the TechnipFMC plc stock share, with PRICE T ROWE ASSOCIATES INC /MD/ the top institutional holder. As of 2024-06-30, the company held 11.5387% of the shares, roughly 49.64 million FTI shares worth $1.3 billion.
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds the second largest percentage of outstanding shares, with 9.2951% or 39.99 million shares worth $1.05 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and T. Rowe Price Mid-Cap Growth Fund, Inc. . With 13.29 shares estimated at $382.83 million under it, the former controlled 3.16% of total outstanding shares. On the other hand, T. Rowe Price Mid-Cap Growth Fund, Inc. held about 2.99% of the shares, roughly 12.56 shares worth around $361.66 million.
