APG Asset Management N.V. Has $19.20 Million Position in Fortive Co. (NYSE:FTV)

APG Asset Management N.V. raised its stake in shares of Fortive Co. (NYSE:FTV - Free Report) by 1,058.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,104 shares of the technology company's stock after purchasing an additional 242,210 shares during the period. APG Asset Management N.V. owned 0.08% of Fortive worth $19,201,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTV. Brown Brothers Harriman & Co. grew its stake in Fortive by 5.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,554 shares of the technology company's stock valued at $192,000 after buying an additional 127 shares during the last quarter. Wedmont Private Capital boosted its holdings in Fortive by 4.3% during the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after acquiring an additional 137 shares during the period. Dynasty Wealth Management LLC grew its position in shares of Fortive by 1.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company's stock valued at $1,083,000 after purchasing an additional 142 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Fortive by 13.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company's stock valued at $105,000 after purchasing an additional 165 shares during the last quarter. Finally, Webster Bank N. A. lifted its position in shares of Fortive by 6.6% during the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company's stock worth $202,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

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Insider Activity

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction 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 of the company's stock, valued at $6,003,296.36. This represents a 29.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James A. Lico sold 196,117 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $80.38, for a total value of $15,763,884.46. Following the completion of the transaction, the chief executive officer now owns 528,851 shares in the company, valued at $42,509,043.38. This represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock valued at $19,508,529 over the last 90 days. 1.01% of the stock is owned by company insiders.

Fortive Price Performance

Shares of NYSE:FTV traded down $0.27 during midday trading on Tuesday, reaching $65.74. The company's stock had a trading volume of 559,888 shares, compared to its average volume of 2,354,875. The business's fifty day simple moving average is $74.92 and its 200-day simple moving average is $76.18. The company has a market capitalization of $22.37 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.68 and a beta of 1.12. 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 fifty-two week low of $60.39 and a fifty-two week high of $83.66.

Fortive (NYSE:FTV - Get Free Report) last announced its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping 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 prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Fortive's payout ratio is currently 13.56%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTV. BNP Paribas downgraded Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price target on the stock. in a research report on Wednesday, April 9th. Citigroup cut their target price on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a research note on Monday. Wells Fargo & Company raised their price target on shares of 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 lowered shares of Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $81.92.

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.