KBC Group NV Has $15.26 Million Stock Holdings in Fortive Co. (NYSE:FTV)

KBC Group NV grew its stake in shares of Fortive Co. (NYSE:FTV) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,426 shares of the technology company’s stock after purchasing an additional 383 shares during the period. KBC Group NV owned approximately 0.06% of Fortive worth $15,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Fortive by 0.6% in the third quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company’s stock worth $644,346,000 after acquiring an additional 46,704 shares in the last quarter. Janus Henderson Group PLC grew its position in Fortive by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the period. Mizuho Securities USA LLC increased its stake in Fortive by 14,635.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock valued at $315,720,000 after purchasing an additional 3,972,855 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Fortive by 3.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company’s stock valued at $271,851,000 after buying an additional 103,530 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Fortive by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,964,789 shares of the technology company’s stock valued at $155,081,000 after buying an additional 24,539 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FTV. Truist Financial lifted their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays decreased their price objective on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $86.45.

Fortive Price Performance

FTV opened at $80.37 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. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The stock’s 50 day simple moving average is $77.25 and its 200 day simple moving average is $75.13. The firm has a market cap of $27.88 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.15 and a beta of 1.14.

Fortive (NYSE:FTV) last posted 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 company had revenue of $1.53 billion during 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. As a group, analysts predict that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Fortive’s dividend payout ratio is currently 12.75%.

Insider Activity

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the business’s stock in a transaction 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 directly owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the transaction, the senior vice president now owns 42,651 shares in the company, valued at $3,058,503.21. This represents a 80.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

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.