Boston Partners Grows Stock Holdings in Fortive Co. (NYSE:FTV)

Boston Partners boosted its holdings in shares of Fortive Co. (NYSE:FTV - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,904,282 shares of the technology company's stock after buying an additional 166,123 shares during the quarter. Boston Partners owned 2.28% of Fortive worth $594,108,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Fortive during the 4th quarter worth approximately $31,000. Versant Capital Management Inc increased its position in shares of Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock valued at $34,000 after purchasing an additional 297 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Fortive in the 4th quarter valued at approximately $37,000. Albion Financial Group UT purchased a new stake in shares of Fortive in the 4th quarter valued at approximately $38,000. Finally, Dakota Community Bank & Trust NA increased its position in shares of Fortive by 28.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock valued at $59,000 after purchasing an additional 175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on FTV. Royal Bank of Canada increased their price objective on shares of Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Truist Financial increased their price objective 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. StockNews.com downgraded shares of Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Citigroup downgraded shares of Fortive from a "buy" rating to a "neutral" rating and dropped their target price for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Fortive currently has an average rating of "Moderate Buy" and an average price target of $87.64.

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Insider Buying and Selling at Fortive

In other news, CEO James A. Lico sold 196,117 shares of Fortive stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $80.38, for a total value of $15,763,884.46. Following the sale, the chief executive officer now owns 528,851 shares of the company's stock, valued at $42,509,043.38. The trade was a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stacey A. Walker sold 5,688 shares of Fortive stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction 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 approximately $3,795,793.32. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,385 shares of company stock worth $19,508,529. 1.01% of the stock is owned by company insiders.

Fortive Stock Performance

NYSE FTV traded up $0.18 during trading on Friday, reaching $74.84. The company's stock had a trading volume of 4,733,325 shares, compared to its average volume of 2,137,937. 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 firm has a market cap of $25.47 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.68 and a beta of 1.16. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The business's fifty day moving average price is $78.65 and its 200-day moving average price is $76.83.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data 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 period last year, the firm earned $0.98 EPS. As a group, analysts anticipate that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.08 dividend. The ex-dividend date of this dividend 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 is presently 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.