Schubert & Co Purchases Shares of 18,155 Fortive Co. (NYSE:FTV)

Schubert & Co purchased a new stake in Fortive Co. (NYSE:FTV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 18,155 shares of the technology company’s stock, valued at approximately $1,362,000. Fortive accounts for approximately 0.9% of Schubert & Co’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Fortive during the 3rd quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in shares of Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after acquiring an additional 297 shares during the period. Crews Bank & Trust bought a new position in shares of Fortive during the 4th quarter worth approximately $37,000. Albion Financial Group UT bought a new position in shares of Fortive during the 4th quarter worth approximately $38,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Fortive during the 3rd quarter worth approximately $41,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on FTV. Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Barclays dropped their price target on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Finally, UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and an average target price of $87.64.

Fortive Price Performance

Shares of NYSE FTV opened at $80.59 on Tuesday. The stock has a market capitalization of $27.96 billion, a PE ratio of 32.11, a P/E/G ratio of 2.14 and a beta of 1.15. 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 business has a fifty day moving average price of $77.83 and a two-hundred day moving average price of $75.73. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.98 earnings per share. As a group, equities analysts predict that Fortive Co. will post 3.84 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a 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.