Ownership Change to Note: Institutional Investors Sentiment Indicator of FMC Technologies Inc (NYSE:FTI) Drops in 2016 Q2

November 28, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Change to Note: Institutional Investors Sentiment Indicator of FMC Technologies Inc (NYSE:FTI)  Drops in  2016 Q2

Sentiment for FMC Technologies Inc (NYSE:FTI)

FMC Technologies Inc (NYSE:FTI) institutional sentiment decreased to 0.86 in 2016 Q2. Its down -0.23, from 1.09 in 2016Q1. The ratio is negative, as 186 investment managers increased and started new holdings, while 170 sold and trimmed holdings in FMC Technologies Inc. The investment managers in our partner’s database now own: 199.99 million shares, down from 205.87 million shares in 2016Q1. Also, the number of investment managers holding FMC Technologies Inc in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 42 Reduced: 128 Increased: 140 New Position: 46.

FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The company has a market cap of $7.42 billion. The Firm designs, makes 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. It has a 64.48 P/E ratio. The Company’s divisions include Subsea Technologies, Surface Technologies and Energy Infrastructure.

About 3.01 million shares traded hands. FMC Technologies, Inc. (NYSE:FTI) has risen 17.78% since April 25, 2016 and is uptrending. It has outperformed by 11.77% the S&P500.

Analysts await FMC Technologies, Inc. (NYSE:FTI) to report earnings on February, 21. They expect $0.26 earnings per share, down 43.48% or $0.20 from last year’s $0.46 per share. FTI’s profit will be $57.43 million for 32.30 P/E if the $0.26 EPS becomes a reality. After $0.35 actual earnings per share reported by FMC Technologies, Inc. for the previous quarter, Wall Street now forecasts -25.71% negative EPS growth.

According to Zacks Investment Research, “FMC Technologies, Inc. designs, manufactures and services technologically sophisticated systems and products for customers through their Energy Production Systems, Energy Processing Systems, FoodTech and Airport Systems segments.”

Price Michael F holds 3.39% of its portfolio in FMC Technologies, Inc. for 735,000 shares. Energy Opportunities Capital Management Llc owns 411,421 shares or 3.31% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 3.24% invested in the company for 1.39 million shares. The Illinois-based Fairpointe Capital Llc has invested 3.15% in the stock. Viking Fund Management Llc, a North Dakota-based fund reported 640,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $79,633 net activity.

FMC Technologies, Inc. (NYSE:FTI) Ratings Coverage

Ratings analysis reveals 54% of FMC Technologies’s analysts are positive. Out of 24 Wall Street analysts rating FMC Technologies, 13 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $8.50 while the high is $46. The stock’s average target of $32.11 is -4.43% below today’s ($33.6) share price. FTI was included in 51 notes of analysts from July 23, 2015. The rating was upgraded by Credit Suisse to “Neutral” on Friday, September 4. The rating was maintained by Cowen & Co on Thursday, April 28 with “Outperform”. The company was upgraded on Friday, March 11 by Goldman Sachs. As per Monday, December 14, the company rating was initiated by KLR Group. The stock of FMC Technologies, Inc. (NYSE:FTI) earned “Neutral” rating by Macquarie Research on Wednesday, September 9. The stock of FMC Technologies, Inc. (NYSE:FTI) has “Buy” rating given on Monday, October 5 by Seaport Global Securities. Barclays Capital downgraded it to “Equal-Weight” rating and $33 target price in Friday, May 20 report. Seaport Global Securities downgraded FMC Technologies, Inc. (NYSE:FTI) on Thursday, September 22 to “Neutral” rating. The firm earned “Hold” rating on Thursday, July 23 by Jefferies. The stock of FMC Technologies, Inc. (NYSE:FTI) earned “Overweight” rating by CapitalOne on Thursday, August 25.

FTI Company Profile

FMC Technologies, Inc., incorporated on November 13, 2000, is a global well-known provider of technology solutions for the energy industry. The Firm designs, makes 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 for the energy industry. The Company’s divisions include Subsea Technologies, Surface Technologies and Energy Infrastructure.

More news for FMC Technologies, Inc. (NYSE:FTI) were recently published by: Streetinsider.com, which released: “Form 425 FMC TECHNOLOGIES INC Filed by: TECHNIP” on November 28, 2016. Prnewswire.com‘s article titled: “Technip and FMC Technologies Announce Designees to Board of Directors of …” and published on November 24, 2016 is yet another important article.

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By Adrian Mccoy


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