Fortive Co. (NYSE:FTV) Shares Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp boosted its stake in Fortive Co. (NYSE:FTV) by 84.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 852 shares of the technology company’s stock after acquiring an additional 391 shares during the period. J.Safra Asset Management Corp’s holdings in Fortive were worth $64,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FTV. First Hawaiian Bank boosted its stake in shares of Fortive by 197.0% during the 4th quarter. First Hawaiian Bank now owns 15,264 shares of the technology company’s stock worth $1,145,000 after acquiring an additional 10,125 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Fortive by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 406,085 shares of the technology company’s stock worth $32,052,000 after acquiring an additional 10,795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Fortive by 26.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,502 shares of the technology company’s stock worth $2,832,000 after acquiring an additional 7,829 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Fortive during the 3rd quarter worth approximately $1,346,000. Finally, Nordea Investment Management AB lifted its stake in Fortive by 23.9% in the 4th quarter. Nordea Investment Management AB now owns 1,574,289 shares of the technology company’s stock valued at $118,292,000 after buying an additional 303,788 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Up 1.4 %

Shares of NYSE FTV opened at $78.28 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $78.90 and a 200 day moving average price of $76.71. The company has a market cap of $26.64 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.68 and a beta of 1.15. Fortive Co. has a 12-month low of $66.15 and a 12-month 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 for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $0.98 earnings per share. Research analysts anticipate that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

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 given a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. Fortive’s payout ratio is currently 13.56%.

Insider Buying and Selling at Fortive

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the transaction, the chief financial officer now owns 76,126 shares of the company’s stock, valued at approximately $6,003,296.36. This trade represents a 29.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the transaction, the senior vice president now directly owns 47,141 shares in the company, valued at $3,795,793.32. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock valued at $19,508,529 in the last ninety days. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FTV shares. StockNews.com lowered Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Barclays cut 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. Finally, Royal Bank of Canada boosted their price target on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and an average price target of $87.64.

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.