69,835 Shares in Fortive Co. (NYSE:FTV) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Fortive Co. (NYSE:FTV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,835 shares of the technology company's stock, valued at approximately $5,238,000.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in Fortive during the 4th quarter worth $31,000. Versant Capital Management Inc grew its position in Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock valued at $34,000 after acquiring an additional 297 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Fortive during the fourth quarter valued at approximately $37,000. Albion Financial Group UT acquired a new position in shares of Fortive during the fourth quarter worth $38,000. Finally, Dakota Community Bank & Trust NA boosted its stake in shares of Fortive by 28.6% in the fourth 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. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on FTV shares. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Truist Financial lifted their price objective on Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Wells Fargo & Company increased their target price on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.64.

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Fortive Stock Performance

FTV stock traded down $0.59 on Thursday, reaching $74.66. The company's stock had a trading volume of 2,089,006 shares, compared to its average volume of 2,562,400. The firm has a fifty day moving average of $78.70 and a two-hundred day moving average of $76.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The company has a market capitalization of $25.41 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10.

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 return on equity of 13.15% and a net margin of 13.36%. During the same quarter last year, the business earned $0.98 EPS. As a group, analysts predict that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid 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 dividend yield of 0.43%. Fortive's dividend payout ratio is presently 13.56%.

Insider Buying and Selling

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive 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 approximately $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James A. Lico sold 196,117 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 528,851 shares in the company, valued at approximately $42,509,043.38. The trade was a 27.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 over the last quarter. Corporate 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.