Eubel Brady & Suttman Asset Management Inc. Purchases 921 Shares of Fortive Co. (NYSE:FTV)

Eubel Brady & Suttman Asset Management Inc. raised its position in shares of Fortive Co. (NYSE:FTV) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 277,771 shares of the technology company’s stock after purchasing an additional 921 shares during the quarter. Fortive accounts for about 2.7% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned 0.08% of Fortive worth $20,833,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. ING Groep NV raised its holdings in Fortive by 34.2% in the 4th quarter. ING Groep NV now owns 178,313 shares of the technology company’s stock worth $13,373,000 after acquiring an additional 45,458 shares during the last quarter. Flossbach Von Storch SE increased its holdings in shares of Fortive by 1.2% in the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company’s stock worth $892,743,000 after purchasing an additional 137,479 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Fortive by 36.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,778 shares of the technology company’s stock worth $208,000 after purchasing an additional 742 shares during the last quarter. Schubert & Co purchased a new stake in shares of Fortive during the fourth quarter valued at $1,362,000. Finally, CIBC Asset Management Inc increased its holdings in Fortive by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 53,551 shares of the technology company’s stock worth $4,016,000 after buying an additional 2,433 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Fortive Stock Performance

NYSE:FTV opened at $80.03 on Friday. The stock has a 50-day simple moving average of $78.20 and a two-hundred day simple moving average of $76.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The firm has a market capitalization of $27.77 billion, a PE ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 1.15.

Fortive (NYSE:FTV) last released its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same period last year, the business posted $0.98 earnings per share. Analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is 13.56%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FTV shares. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Argus restated a “hold” rating on shares of Fortive in a research report on Monday, November 18th. 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 report on Wednesday, January 8th. UBS Group began coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Fortive has a consensus rating of “Moderate Buy” and a consensus price target of $87.64.

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.