65,506 Shares in Fortive Co. (NYSE:FTV) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of Fortive Co. (NYSE:FTV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 65,506 shares of the technology company’s stock, valued at approximately $5,170,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTV. Catalytic Wealth RIA LLC purchased a new stake in Fortive in the 3rd quarter valued at about $281,000. Kennebec Savings Bank purchased a new stake in Fortive in the 3rd quarter valued at about $341,000. Atria Investments Inc grew its holdings in Fortive by 1.6% in the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock valued at $836,000 after buying an additional 163 shares during the period. Assetmark Inc. grew its holdings in Fortive by 18.4% in the 3rd quarter. Assetmark Inc. now owns 32,004 shares of the technology company’s stock valued at $2,526,000 after buying an additional 4,979 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Fortive during the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Fortive

In related news, CFO Charles E. Mclaughlin sold 6,864 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the sale, the chief financial officer now owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Charles E. Mclaughlin sold 6,864 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the sale, the chief financial officer now owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the sale, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at $3,058,503.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,895 shares of company stock worth $13,878,151 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Fortive Stock Up 1.3 %

Shares of NYSE:FTV opened at $76.16 on Tuesday. Fortive Co. has a 1-year low of $65.14 and a 1-year high of $87.10. The company’s fifty day moving average is $75.22 and its two-hundred day moving average is $74.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities analysts anticipate that Fortive Co. will post 3.85 EPS for the current year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 29th. Fortive’s dividend payout ratio (DPR) is 12.75%.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of research reports. Wolfe Research cut Fortive from an “outperform” rating to a “peer perform” rating in a report on Friday, September 6th. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Raymond James upgraded Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a report on Thursday, September 5th. Wells Fargo & Company decreased their target price on Fortive from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price target on Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.20.

About Fortive

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.