YHB Investment Advisors Inc. Has $2.99 Million Position in Fortive Co. (NYSE:FTV)

YHB Investment Advisors Inc. cut its stake in Fortive Co. (NYSE:FTV) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 39,926 shares of the technology company’s stock after selling 2,180 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Fortive were worth $2,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Parsons Capital Management Inc. RI grew its stake in Fortive by 57.7% during the fourth quarter. Parsons Capital Management Inc. RI now owns 28,863 shares of the technology company’s stock worth $2,165,000 after buying an additional 10,557 shares in the last quarter. Webster Bank N. A. boosted its position in shares of Fortive by 6.6% during the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company’s stock worth $202,000 after acquiring an additional 168 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Fortive during the 4th quarter worth approximately $383,000. Blue Trust Inc. increased its stake in Fortive by 131.4% in the fourth quarter. Blue Trust Inc. now owns 4,115 shares of the technology company’s stock valued at $325,000 after acquiring an additional 2,337 shares during the last quarter. Finally, Novare Capital Management LLC raised its position in Fortive by 9.0% during the fourth quarter. Novare Capital Management LLC now owns 94,638 shares of the technology company’s stock valued at $7,098,000 after purchasing an additional 7,844 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

Shares of NYSE:FTV opened at $79.75 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The firm has a market cap of $27.67 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. The firm’s fifty day moving average is $77.14 and its 200-day moving average is $75.10.

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 return on equity of 12.56% and a net margin of 14.35%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. Sell-side analysts predict that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, November 29th. Fortive’s dividend payout ratio is presently 12.75%.

Analyst Upgrades and Downgrades

FTV has been the topic of several recent analyst reports. Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Royal Bank of Canada decreased their target price 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. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $86.00 in a report on Monday, December 9th. Finally, UBS Group began coverage on shares of Fortive in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Fortive has an average rating of “Moderate Buy” and a consensus target price of $86.45.

Insider Activity at Fortive

In other Fortive news, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the transaction, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.21. The trade was a 80.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Peter C. Underwood sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by company insiders.

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.