Fairpointe Capital LLC Raises Holdings in FMC Technologies, Inc. (FTI)

Fairpointe Capital LLC boosted its position in shares of FMC Technologies, Inc. (NYSE:FTI) by 3.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,414,202 shares of the oil and gas company’s stock after acquiring an additional 116,545 shares during the quarter. FMC Technologies comprises about 1.8% of Fairpointe Capital LLC’s portfolio, making the stock its 29th largest position. Fairpointe Capital LLC owned about 0.73% of FMC Technologies worth $92,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTI. C M Bidwell & Associates Ltd. acquired a new stake in FMC Technologies during the 2nd quarter worth about $161,000. Perigon Wealth Management LLC lifted its position in FMC Technologies by 19.7% during the 1st quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock worth $163,000 after acquiring an additional 826 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in FMC Technologies during the 1st quarter worth about $165,000. MAVEN SECURITIES Ltd acquired a new stake in FMC Technologies during the 1st quarter worth about $174,000. Finally, Conning Inc. lifted its position in FMC Technologies by 2.7% during the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 200 shares during the period. 65.35% of the stock is owned by institutional investors.

FMC Technologies, Inc. (FTI) traded up 0.26% during trading on Monday, reaching $27.49. The company had a trading volume of 675,819 shares. FMC Technologies, Inc. has a 1-year low of $25.17 and a 1-year high of $36.14. The firm has a 50-day moving average of $26.56 and a 200-day moving average of $28.81. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 33.24 and a beta of 0.95.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, analysts anticipate that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.

FTI has been the subject of a number of research reports. BidaskClub cut FMC Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Seaport Global Securities cut FMC Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $40.00 to $26.00 in a research report on Wednesday, June 21st. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of FMC Technologies in a report on Thursday, June 22nd. Morgan Stanley reissued an “overweight” rating and issued a $43.00 price objective (down previously from $45.00) on shares of FMC Technologies in a report on Thursday, June 22nd. Finally, ValuEngine raised FMC Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. FMC Technologies presently has an average rating of “Buy” and a consensus price target of $35.09.

COPYRIGHT VIOLATION NOTICE: “Fairpointe Capital LLC Raises Holdings in FMC Technologies, Inc. (FTI)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://l

A number of other institutional investors and hedge funds have also recently modified their holdings of FTI. C M Bidwell & Associates Ltd. acquired a new stake in FMC Technologies during the 2nd quarter worth about $161,000. Perigon Wealth Management LLC lifted its position in FMC Technologies by 19.7% during the 1st quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock worth $163,000 after acquiring an additional 826 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in FMC Technologies during the 1st quarter worth about $165,000. MAVEN SECURITIES Ltd acquired a new stake in FMC Technologies during the 1st quarter worth about $174,000. Finally, Conning Inc. lifted its position in FMC Technologies by 2.7% during the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 200 shares during the period. 65.35% of the stock is owned by institutional investors.

FMC Technologies, Inc. (FTI) traded up 0.26% during trading on Monday, reaching $27.49. The company had a trading volume of 675,819 shares. FMC Technologies, Inc. has a 1-year low of $25.17 and a 1-year high of $36.14. The firm has a 50-day moving average of $26.56 and a 200-day moving average of $28.81. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 33.24 and a beta of 0.95.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, analysts anticipate that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.

FTI has been the subject of a number of research reports. BidaskClub cut FMC Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Seaport Global Securities cut FMC Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $40.00 to $26.00 in a research report on Wednesday, June 21st. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of FMC Technologies in a report on Thursday, June 22nd. Morgan Stanley reissued an “overweight” rating and issued a $43.00 price objective (down previously from $45.00) on shares of FMC Technologies in a report on Thursday, June 22nd. Finally, ValuEngine raised FMC Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. FMC Technologies presently has an average rating of “Buy” and a consensus price target of $35.09.

COPYRIGHT VIOLATION NOTICE: “Fairpointe Capital LLC Raises Holdings in FMC Technologies, Inc. (FTI)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/fairpointe-capital-llc-raises-holdings-in-fmc-technologies-inc-fti.html.

FMC Technologies 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.

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

Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply