Fortive Co. (NYSE:FTV) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,479,066 shares of the technology company's stock after selling 25,781 shares during the quarter. American Century Companies Inc. owned approximately 0.71% of Fortive worth $185,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in Fortive during the fourth quarter worth approximately $31,000. Versant Capital Management Inc raised its position 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 valued at $34,000 after acquiring an additional 297 shares in the last quarter. Crews Bank & Trust bought a new position in Fortive during the fourth quarter worth $37,000. Albion Financial Group UT bought a new position in shares of Fortive in the 4th quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA increased its position in Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after buying an additional 175 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the transaction, the chief financial officer now owns 76,126 shares in the company, valued at approximately $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stacey A. Walker sold 3,002 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total transaction of $237,308.10. Following the completion of the sale, the senior vice president now directly owns 42,373 shares of the company's stock, valued at approximately $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock worth $19,508,529 in the last quarter. 1.01% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

FTV has been the subject of several research reports. Citigroup lowered shares of Fortive from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $92.00 to $86.00 in a research report on Monday, December 9th. StockNews.com downgraded shares of Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price objective on shares of Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Fortive from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Finally, Barclays dropped their price objective on shares of Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.18.

Fortive Trading Down 0.7 %

Shares of FTV stock traded down $0.53 on Thursday, hitting $74.66. The company had a trading volume of 1,330,308 shares, compared to its average volume of 2,133,414. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The stock's 50-day moving average is $78.56 and its two-hundred day moving average is $76.95. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $86.21. The firm has a market cap of $25.41 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.68 and a beta of 1.16.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.98 earnings per share. On average, equities research analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. Fortive's dividend payout ratio 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.