Champlain Investment Partners LLC Has $258.16 Million Stock Holdings in Fortive Co. (NYSE:FTV)

Champlain Investment Partners LLC decreased its holdings in shares of Fortive Co. (NYSE:FTV - Free Report) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,442,061 shares of the technology company's stock after selling 1,334,665 shares during the quarter. Fortive accounts for approximately 1.6% of Champlain Investment Partners LLC's portfolio, making the stock its 8th largest position. Champlain Investment Partners LLC owned about 0.99% of Fortive worth $258,155,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FTV. Dodge & Cox purchased a new position in Fortive in the fourth quarter worth $583,493,000. Norges Bank purchased a new position in shares of Fortive in the fourth quarter worth $412,445,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Fortive during the 4th quarter valued at $136,794,000. Clean Energy Transition LLP bought a new stake in Fortive in the 4th quarter worth $58,829,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Fortive by 28.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,695,319 shares of the technology company's stock worth $127,149,000 after purchasing an additional 374,837 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Fortive Stock Up 2.7 %

NYSE FTV traded up $1.72 during mid-day trading on Tuesday, reaching $65.72. The stock had a trading volume of 582,841 shares, compared to its average volume of 2,366,751. The company has a fifty day moving average price of $73.44 and a 200 day moving average price of $75.75. 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 1 year low of $60.39 and a 1 year high of $83.32. The stock has a market cap of $22.36 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.68 and a beta of 1.12.

Fortive (NYSE:FTV - Get Free Report) last announced 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 earned $0.98 EPS. On average, research analysts expect that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays dropped their price objective on Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada raised their target price on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Citigroup reduced their price target on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, BNP Paribas lowered shares of 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $81.92.

Insiders Place Their Bets

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

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.