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Principal Financial Group Inc. Trims Holdings in TechnipFMC plc $FTI

2026-05-13 06:47:30

Principal Financial Group Inc. reduced its stake in TechnipFMC plc by 4.7% in the fourth quarter, selling 43,017 shares but still owning 869,879 shares valued at $38.8 million. Despite this trim, other institutional investors increased their holdings, and analysts maintain a "Moderate Buy" consensus with an average target price of $66.53 for TechnipFMC. The company reported strong quarterly earnings, beating estimates with $0.64 EPS, and revenue increased by 11.6% year-over-year.

IN-6.28%

4-23.25%

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