Fortive Co. (NYSE:FTV) Shares Acquired by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC increased its position in Fortive Co. (NYSE:FTV) by 4,321.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,323 shares of the technology company’s stock after buying an additional 6,180 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Fortive were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Fortive by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock worth $308,000 after acquiring an additional 135 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Fortive by 4.3% during the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after acquiring an additional 137 shares in the last quarter. Patton Albertson Miller Group LLC boosted its stake in Fortive by 1.7% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock valued at $699,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC grew its holdings in Fortive by 3.4% in the 3rd quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock valued at $362,000 after buying an additional 152 shares during the last quarter. Finally, Atria Investments Inc increased its position in Fortive by 1.6% in the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock worth $836,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FTV shares. Barclays cut their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Truist Financial upped their price target on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. StockNews.com lowered Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group began coverage on Fortive in a research note on Wednesday, November 13th. They issued 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.64.

Fortive Price Performance

Shares of Fortive stock opened at $80.59 on Tuesday. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 2.14 and a beta of 1.15. The firm’s 50-day moving average price is $77.83 and its two-hundred day moving average price is $75.73. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a 1-year low of $66.15 and a 1-year high of $87.10.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same period last year, the company earned $0.98 EPS. On average, equities analysts predict that Fortive Co. will post 3.84 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

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.