RDA Financial Network Has $360,000 Position in Fortive Co. (NYSE:FTV)

RDA Financial Network lifted its holdings in Fortive Co. (NYSE:FTV) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,796 shares of the technology company’s stock after purchasing an additional 269 shares during the period. RDA Financial Network’s holdings in Fortive were worth $360,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of Fortive by 3.6% during the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock worth $308,000 after buying an additional 135 shares during the last quarter. Wedmont Private Capital raised its stake in Fortive by 4.3% during the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock valued at $252,000 after purchasing an additional 137 shares during the last quarter. Patton Albertson Miller Group LLC boosted its holdings in Fortive by 1.7% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock valued at $699,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC grew its position in Fortive by 3.4% in the 3rd quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock worth $362,000 after purchasing an additional 152 shares during the last quarter. Finally, Axiom Advisory LLC increased its holdings in shares of Fortive by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company’s stock worth $734,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FTV. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday. Argus reissued a “hold” rating on shares of Fortive in a report on Monday, November 18th. Wells Fargo & Company upped their target price on Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fortive has an average rating of “Moderate Buy” and a consensus target price of $86.45.

Insiders Place Their Bets

In related news, SVP Stacey A. Walker sold 171,808 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Peter C. Underwood sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Fortive Stock Up 0.4 %

FTV opened at $79.00 on Friday. The firm has a market cap of $27.41 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.92 and a beta of 1.14. 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 firm’s 50-day simple moving average is $76.61 and its 200-day simple moving average is $74.76. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Equities research analysts anticipate that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.41%. Fortive’s payout ratio is 12.75%.

Fortive Profile

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.