Zurich Insurance Group Ltd FI Purchases Shares of 51,791 FMC Technologies, Inc. (FTI)

Zurich Insurance Group Ltd FI purchased a new position in shares of FMC Technologies, Inc. (NYSE:FTI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,791 shares of the oil and gas company’s stock, valued at approximately $1,409,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in FMC Technologies by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock worth $1,046,000 after buying an additional 1,982 shares during the last quarter. Sei Investments Co. lifted its holdings in FMC Technologies by 204.4% during the 2nd quarter. Sei Investments Co. now owns 74,508 shares of the oil and gas company’s stock worth $2,027,000 after buying an additional 50,033 shares during the last quarter. Strs Ohio lifted its holdings in FMC Technologies by 8.0% during the 2nd quarter. Strs Ohio now owns 1,355,000 shares of the oil and gas company’s stock worth $36,856,000 after buying an additional 100,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in FMC Technologies by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 397,391 shares of the oil and gas company’s stock worth $10,809,000 after buying an additional 3,742 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in FMC Technologies by 3.6% during the 2nd quarter. Principal Financial Group Inc. now owns 687,658 shares of the oil and gas company’s stock worth $18,704,000 after buying an additional 23,894 shares during the last quarter. 65.35% of the stock is owned by institutional investors.

FMC Technologies, Inc. (NYSE:FTI) opened at 27.42 on Monday. The firm has a market cap of $12.81 billion, a PE ratio of 33.16 and a beta of 0.95. FMC Technologies, Inc. has a 12 month low of $25.17 and a 12 month high of $36.14. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $28.81.

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

A number of brokerages have issued reports on FTI. Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. Scotiabank set a $36.00 target price on FMC Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub raised FMC Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG reissued a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $31.00 target price on shares of FMC Technologies in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently ha

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in FMC Technologies by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock worth $1,046,000 after buying an additional 1,982 shares during the last quarter. Sei Investments Co. lifted its holdings in FMC Technologies by 204.4% during the 2nd quarter. Sei Investments Co. now owns 74,508 shares of the oil and gas company’s stock worth $2,027,000 after buying an additional 50,033 shares during the last quarter. Strs Ohio lifted its holdings in FMC Technologies by 8.0% during the 2nd quarter. Strs Ohio now owns 1,355,000 shares of the oil and gas company’s stock worth $36,856,000 after buying an additional 100,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in FMC Technologies by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 397,391 shares of the oil and gas company’s stock worth $10,809,000 after buying an additional 3,742 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in FMC Technologies by 3.6% during the 2nd quarter. Principal Financial Group Inc. now owns 687,658 shares of the oil and gas company’s stock worth $18,704,000 after buying an additional 23,894 shares during the last quarter. 65.35% of the stock is owned by institutional investors.

FMC Technologies, Inc. (NYSE:FTI) opened at 27.42 on Monday. The firm has a market cap of $12.81 billion, a PE ratio of 33.16 and a beta of 0.95. FMC Technologies, Inc. has a 12 month low of $25.17 and a 12 month high of $36.14. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $28.81.

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

A number of brokerages have issued reports on FTI. Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. Scotiabank set a $36.00 target price on FMC Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub raised FMC Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG reissued a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $31.00 target price on shares of FMC Technologies in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.09.

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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)

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