65,188 Shares in Fortive Co. (NYSE:FTV) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Fortive Co. (NYSE:FTV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 65,188 shares of the technology company’s stock, valued at approximately $5,145,000.

Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in 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 purchasing an additional 135 shares in the last quarter. RDA Financial Network boosted its stake in shares of Fortive by 3.4% in the second quarter. RDA Financial Network now owns 4,191 shares of the technology company’s stock valued at $311,000 after buying an additional 138 shares in the last quarter. Pitcairn Co. boosted its stake in shares of Fortive by 1.3% in the first quarter. Pitcairn Co. now owns 11,170 shares of the technology company’s stock valued at $961,000 after buying an additional 139 shares in the last quarter. QRG Capital Management Inc. raised its position in Fortive by 0.8% in the second quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company’s stock worth $1,371,000 after acquiring an additional 146 shares in the last quarter. Finally, Andina Capital Management LLC grew its stake in shares of Fortive by 3.4% during the 2nd quarter. Andina Capital Management LLC now owns 4,433 shares of the technology company’s stock worth $328,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares of the company’s stock, valued at $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles E. Mclaughlin sold 6,864 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the sale, the chief financial officer now directly owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,895 shares of company stock valued at $14,261,051. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTV. Barclays reduced their price objective on shares of Fortive from $98.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded Fortive from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $92.00 in a report on Thursday, October 10th. Mizuho raised Fortive from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $80.00 to $90.00 in a report on Friday, September 6th. UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 target price on the stock. Finally, Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research note on Thursday, September 5th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.82.

Fortive Stock Performance

Shares of NYSE FTV opened at $74.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The company has a market cap of $25.85 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The company has a 50-day simple moving average of $75.62 and a 200-day simple moving average of $74.14. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $87.10.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $0.85 EPS. Fortive’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Fortive Co. will post 3.85 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

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.