Canada Post Corp Registered Pension Plan Invests $377,000 in Fortive Co. (NYSE:FTV)

Canada Post Corp Registered Pension Plan purchased a new stake in shares of Fortive Co. (NYSE:FTV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,024 shares of the technology company's stock, valued at approximately $377,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in Fortive during the 4th quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in Fortive by 186.8% in the 4th 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 last quarter. Crews Bank & Trust bought a new position in shares of Fortive during the fourth quarter valued at about $37,000. Albion Financial Group UT purchased a new stake in shares of Fortive during the fourth quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA increased its holdings in Fortive by 28.6% during 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 period. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FTV has been the subject of several research analyst reports. BNP Paribas cut Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price objective for the company. in a report on Wednesday, April 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 report on Monday, February 10th. Barclays decreased their price objective on shares of Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Truist Financial reduced their price target on shares of Fortive from $90.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup reduced their target price on Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $81.92.

Fortive Stock Performance

Shares of NYSE:FTV traded down $1.69 during midday trading on Monday, reaching $63.76. 264,067 shares of the company's stock traded hands, compared to its average volume of 2,364,353. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The stock has a 50 day moving average of $73.76 and a 200 day moving average of $75.84. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 27.01, 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 quick ratio of 0.91 and a current ratio of 1.16.

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

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio (DPR) is presently 13.56%.

Insider Buying and Selling at Fortive

In other Fortive news, SVP Stacey A. Walker sold 5,688 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 $3,795,793.32. The trade was a 10.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the completion of the transaction, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. This trade represents a 29.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 243,385 shares of company stock valued at $19,508,529. 1.01% of the stock is owned by company insiders.

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.