Frank Rimerman Advisors LLC Has $309,000 Stock Holdings in Fortive Co. (NYSE:FTV)

Frank Rimerman Advisors LLC raised its stake in Fortive Co. (NYSE:FTV) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,124 shares of the technology company’s stock after buying an additional 723 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Fortive were worth $309,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Fortive in the 4th quarter valued at approximately $31,000. Versant Capital Management Inc increased its stake in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after buying an additional 297 shares during the period. Crews Bank & Trust acquired a new position in Fortive in the 4th quarter valued at approximately $37,000. Albion Financial Group UT acquired a new position in Fortive in the 4th quarter valued at approximately $38,000. Finally, Dakota Community Bank & Trust NA grew its position in Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock worth $59,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FTV. Wells Fargo & Company boosted their target price on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, Truist Financial boosted their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.64.

Fortive Price Performance

Shares of Fortive stock opened at $74.71 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The firm has a fifty day moving average price of $78.78 and a two-hundred day moving average price of $76.86. The company has a market cap of $25.42 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $0.98 earnings per share. Analysts expect that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

Insider Buying and Selling at Fortive

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the completion of the transaction, the chief financial officer now owns 76,126 shares in the company, valued at approximately $6,003,296.36. This represents a 29.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the transaction, the senior vice president now owns 47,141 shares of the company’s stock, valued at approximately $3,795,793.32. This represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock valued at $19,508,529 in the last ninety days. Company insiders own 1.01% of the company’s stock.

Fortive Company 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.