Fortive Co. (NYSE:FTV) Shares Sold by Advisor OS LLC

Advisor OS LLC trimmed its position in shares of Fortive Co. (NYSE:FTV) by 59.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,899 shares of the technology company’s stock after selling 8,806 shares during the quarter. Advisor OS LLC’s holdings in Fortive were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BankPlus Trust Department purchased a new position in shares of Fortive during the 4th quarter valued at approximately $59,000. Union Bancaire Privee UBP SA purchased a new stake in Fortive in the 4th quarter worth $383,000. Capital City Trust Co. FL increased its holdings in Fortive by 8.1% in the 4th quarter. Capital City Trust Co. FL now owns 13,208 shares of the technology company’s stock worth $991,000 after acquiring an additional 990 shares in the last quarter. Redmond Asset Management LLC increased its holdings in Fortive by 7.9% in the 4th quarter. Redmond Asset Management LLC now owns 14,373 shares of the technology company’s stock worth $1,078,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. increased its holdings in Fortive by 0.3% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 277,771 shares of the technology company’s stock worth $20,833,000 after acquiring an additional 921 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fortive

In other Fortive news, CEO James A. Lico sold 196,117 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $80.38, for a total value of $15,763,884.46. Following the transaction, the chief executive officer now owns 528,851 shares of the company’s stock, valued at $42,509,043.38. This represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.01% of the stock is currently owned by corporate insiders.

Fortive Trading Up 0.4 %

Shares of FTV stock opened at $79.93 on Thursday. The company’s 50-day moving average price is $78.47 and its 200-day moving average price is $76.38. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.68 and a beta of 1.15. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, equities analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s payout ratio is currently 13.56%.

Wall Street Analysts Forecast Growth

FTV has been the subject of several recent analyst reports. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and cut their price target for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Truist Financial upped their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Argus reaffirmed a “hold” rating on shares of Fortive in a report on Monday, November 18th. Finally, UBS Group started coverage on shares of Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Fortive presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.64.

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.