65,188 Shares in Fortive Co. (NYSE:FTV) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Fortive Co. (NYSE:FTV - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,188 shares of the technology company's stock, valued at approximately $5,145,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its position in shares of Fortive by 15.0% during the 3rd quarter. Raymond James & Associates now owns 395,488 shares of the technology company's stock worth $31,216,000 after purchasing an additional 51,690 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Fortive by 4.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,932 shares of the technology company's stock worth $389,000 after acquiring an additional 226 shares in the last quarter. Cetera Investment Advisers grew its position in Fortive by 599.3% during the 1st quarter. Cetera Investment Advisers now owns 52,546 shares of the technology company's stock worth $4,520,000 after acquiring an additional 45,032 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Fortive by 6.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 275,489 shares of the technology company's stock valued at $23,719,000 after purchasing an additional 17,225 shares in the last quarter. Finally, Addenda Capital Inc. raised its position in Fortive by 8.8% in the 2nd quarter. Addenda Capital Inc. now owns 98,487 shares of the technology company's stock valued at $7,298,000 after purchasing an additional 7,936 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the transaction, the chief financial officer now directly owns 73,391 shares in the company, valued at $5,433,135.73. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares of the company's stock, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,895 shares of company stock valued at $14,261,051 over the last quarter. Corporate insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wolfe Research downgraded shares of Fortive from an "outperform" rating to a "peer perform" rating in a research report on Friday, September 6th. Raymond James raised shares of Fortive from a "market perform" rating to an "outperform" rating and set a $85.00 price target on the stock in a research note on Thursday, September 5th. Morgan Stanley started coverage on shares of Fortive in a research report on Friday, September 6th. They issued an "overweight" rating and a $89.00 price objective for the company. Truist Financial lowered their target price on Fortive from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Mizuho raised Fortive from a "neutral" rating to an "outperform" rating and upped their price target for the company from $80.00 to $90.00 in a research note on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.82.

Fortive Trading Up 1.7 %

FTV traded up $1.25 during mid-day trading on Wednesday, hitting $75.75. The stock had a trading volume of 3,280,200 shares, compared to its average volume of 1,984,752. Fortive Co. has a 1-year low of $66.15 and a 1-year high of $87.10. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. 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 stock's fifty day simple moving average is $75.69 and its 200-day simple moving average is $74.15.

Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. As a group, research analysts forecast that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 29th. 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.