Fortive Co. (NYSE:FTV) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its position in shares of Fortive Co. (NYSE:FTV) by 11.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 89,986 shares of the technology company’s stock after selling 12,146 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Fortive were worth $6,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Fortive by 228.7% in the third quarter. Blue Trust Inc. now owns 1,778 shares of the technology company’s stock valued at $132,000 after buying an additional 1,237 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Fortive by 11.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,828 shares of the technology company’s stock valued at $776,000 after acquiring an additional 989 shares during the period. Eastern Bank purchased a new stake in shares of Fortive in the 3rd quarter valued at $80,000. Private Advisor Group LLC increased its stake in shares of Fortive by 3.6% in the third 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 during the period. Finally, Greenleaf Trust raised its holdings in shares of Fortive by 2.7% during the third quarter. Greenleaf Trust now owns 13,341 shares of the technology company’s stock worth $1,053,000 after purchasing an additional 346 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on FTV. UBS Group began coverage on shares of Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target on the stock. Wells Fargo & Company upped their target price on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.64.

Fortive Trading Down 2.2 %

Shares of NYSE:FTV opened at $80.03 on Friday. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.15. The business’s 50 day moving average price is $78.20 and its 200-day moving average price is $76.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. 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 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts forecast that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

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

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.