FMC Technologies, Inc. (FTI) Holdings Raised by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in FMC Technologies, Inc. (NYSE:FTI) by 220.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,629 shares of the oil and gas company’s stock after purchasing an additional 16,947 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FMC Technologies were worth $670,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Gateway Investment Advisers LLC increased its stake in FMC Technologies by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 107 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in FMC Technologies by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock valued at $786,000 after purchasing an additional 200 shares in the last quarter. Conning Inc. increased its stake in FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 200 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in FMC Technologies by 4.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 379 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in FMC Technologies by 3.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 15,825 shares of the oil and gas company’s stock valued at $514,000 after purchasing an additional 520 shares in the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

FMC Technologies, Inc. (FTI) opened at 27.04 on Tuesday. The company’s 50-day moving average is $26.74 and its 200 day moving average is $28.02. FMC Technologies, Inc. has a one year low of $24.53 and a one year high of $36.14. The firm has a market cap of $12.63 billion, a PE ratio of 32.70 and a beta of 0.95.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was up 74.3% compared to the same quarter last year. Equities analysts anticipate that FMC Technologies, Inc. will post $1.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, November 20th.

Several equities research analysts have commented on FTI shares. ValuEngine downgraded shares of FMC Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada raised shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $31.50 target price on shares of FMC Technologies in a research note on Tuesday, September 26th. Gabelli upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, October 20th. Finally, Cowen and Company reiterated a “buy” rating and issued a $32.00 price target on shares of FMC Technologies in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. FMC Technologies has a consensus rating of “Buy” and an average price target of $34.58.

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FMC Technologies 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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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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