Amundi Buys 326,652 Shares of Fortive Co. (NYSE:FTV)

Amundi lifted its stake in Fortive Co. (NYSE:FTV - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,785,483 shares of the technology company's stock after acquiring an additional 326,652 shares during the quarter. Amundi owned approximately 0.51% of Fortive worth $137,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Flossbach Von Storch SE increased its position in shares of Fortive by 1.2% in the fourth quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company's stock valued at $892,743,000 after acquiring an additional 137,479 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fortive by 0.6% in the third quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company's stock valued at $644,346,000 after acquiring an additional 46,704 shares during the last quarter. Janus Henderson Group PLC increased its position in Fortive by 13.8% during the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company's stock worth $634,701,000 after buying an additional 977,428 shares during the last quarter. Mizuho Securities USA LLC increased its position in Fortive by 14,635.7% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company's stock worth $315,720,000 after buying an additional 3,972,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Fortive by 3.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company's stock worth $271,851,000 after buying an additional 103,530 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Fortive Stock Down 0.9 %

Fortive stock traded down $0.70 during midday trading on Tuesday, reaching $74.22. The stock had a trading volume of 2,944,073 shares, compared to its average volume of 2,126,619. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $87.10. The company has a market capitalization of $25.26 billion, a P/E ratio of 31.45, a PEG ratio of 2.68 and a beta of 1.16. The company has a fifty day moving average price of $78.94 and a two-hundred day moving average price of $76.85. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, equities analysts expect that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently declared 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 is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. Fortive's dividend payout ratio (DPR) is currently 13.56%.

Analyst Ratings Changes

FTV has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price target on Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Citigroup downgraded Fortive from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, Truist Financial boosted their price target on Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.64.

Insider Buying and Selling at Fortive

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was 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 $6,003,296.36. The trade was a 29.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the transaction, the senior vice president now owns 42,373 shares in the company, valued at $3,349,585.65. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,385 shares of company stock worth $19,508,529. Insiders own 1.01% of the company's stock.

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.