FMR LLC & Abigail Johnson Report 7.835% Stake in TechnipFMC
Ticker: FTI · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1681459
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**FMR LLC and Abigail Johnson still own 7.835% of TechnipFMC, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in TechnipFMC plc (NYSE: FTI). As of February 9, 2024, they collectively beneficially own 34,119,424 shares of common stock, representing 7.835% of the company. This is an amendment to a previous filing, indicating a change in their reported holdings, which matters to investors as it shows a significant institutional holder's continued, albeit slightly adjusted, confidence in TechnipFMC.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial stake in TechnipFMC, signaling their continued belief in the company's prospects. Large institutional holdings can provide stability and investor confidence.
Risk Assessment
Risk Level: low — This filing is an update on a significant institutional holding, which generally indicates stability rather than immediate risk.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can be a positive signal of long-term confidence in TechnipFMC. While this filing doesn't indicate a major change, it confirms a stable institutional presence.
Key Numbers
- 34,119,424 — Shares Beneficially Owned (Total common stock shares of TechnipFMC plc owned by FMR LLC and Abigail P. Johnson.)
- 7.835% — Percent of Class (The percentage of TechnipFMC plc's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- TechnipFMC plc (company) — the issuer of the securities
- 34,119,424 (dollar_amount) — total shares beneficially owned
- 7.835% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain a significant stake in TechnipFMC plc for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of TechnipFMC plc common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own a total of 34,119,424 shares of TechnipFMC plc common stock, as reported in Item 4(a) for FMR LLC and Item 7 for Abigail P. Johnson.
What percentage of TechnipFMC plc's common stock do the reporting persons collectively own?
The reporting persons collectively own 7.835% of TechnipFMC plc's common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
What is the CUSIP number for TechnipFMC plc common stock?
The CUSIP number for TechnipFMC plc common stock is G87110105, as listed in the filing's header and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3, where FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding TechnipFMC plc (FTI).