Bank Julius Baer & Co. Ltd Zurich Makes New $422,000 Investment in Fortive Co. (NYSE:FTV)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Fortive Co. (NYSE:FTV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,104 shares of the technology company's stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Fortive during the third quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new stake in shares of Fortive during the fourth quarter worth approximately $31,000. Versant Capital Management Inc boosted its holdings in shares of Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock worth $34,000 after acquiring an additional 297 shares during the period. Crews Bank & Trust bought a new stake in shares of Fortive during the fourth quarter worth approximately $37,000. Finally, Albion Financial Group UT bought a new stake in shares of Fortive during the fourth quarter worth approximately $38,000. Institutional investors own 94.94% of the company's stock.

Fortive Trading Down 0.9 %

Shares of Fortive stock traded down $0.70 during trading on Tuesday, hitting $74.22. The company's stock had a trading volume of 2,944,073 shares, compared to its average volume of 2,126,619. 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 52 week low of $66.15 and a 52 week high of $87.10. The stock has a market cap of $25.26 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The stock has a 50-day moving average price of $78.94 and a two-hundred day moving average price of $76.85.

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Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 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 EPS. Equities research analysts anticipate that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued 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 payout ratio is currently 13.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup downgraded shares of Fortive from a "buy" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Barclays dropped their price target on shares of Fortive from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial lifted their price target on shares of Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Fortive currently has an average rating of "Moderate Buy" and an average price target of $87.64.

Insiders Place Their Bets

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

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.