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Cumberland Partners Ltd Has $1.38 Million Stake in TechnipFMC plc $FTI
Cumberland Partners Ltd decreased its stake in TechnipFMC plc by 36.4% in the third quarter, reducing its holdings to 35,000 shares valued at approximately $1.38 million. Despite this, institutional investors collectively own 96.58% of the company’s stock, with several major funds increasing their positions. TechnipFMC recently reported strong Q3 earnings, beating analyst estimates, and announced a $2.00 billion share repurchase program and a quarterly dividend.