Czech National Bank lifted its stake in Fortive Co. (NYSE:FTV - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,186 shares of the technology company's stock after buying an additional 3,818 shares during the period. Czech National Bank's holdings in Fortive were worth $5,639,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FTV. Private Advisor Group LLC lifted its stake in Fortive by 3.6% in the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock valued at $308,000 after buying an additional 135 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in Fortive by 1.7% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after purchasing an additional 150 shares during the last quarter. Andina Capital Management LLC boosted its stake in Fortive by 3.4% during the 3rd quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company's stock worth $362,000 after purchasing an additional 152 shares during the period. Axiom Advisory LLC grew its position in Fortive by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company's stock worth $734,000 after purchasing an additional 157 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC increased its stake in Fortive by 4.7% in the second quarter. Mill Creek Capital Advisors LLC now owns 3,641 shares of the technology company's stock valued at $270,000 after purchasing an additional 162 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on FTV shares. Truist Financial raised their price target on Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Citigroup lowered 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 report on Monday, December 9th. Wells Fargo & Company increased their price target on Fortive from $77.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on shares of Fortive from $85.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.45.
Read Our Latest Stock Report on Fortive
Insider Buying and Selling
In other Fortive news, SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the sale, the senior vice president now owns 42,651 shares in the company, valued at approximately $3,058,503.21. This represents a 80.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Peter C. Underwood sold 5,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the transaction, the senior vice president now directly owns 48,346 shares of the company's stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.01% of the company's stock.
Fortive Price Performance
FTV stock traded up $0.76 during trading on Thursday, reaching $78.64. 2,363,396 shares of the company were exchanged, compared to its average volume of 2,222,670. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The stock's 50 day moving average price is $76.52 and its 200 day moving average price is $74.73. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The company has a market cap of $27.28 billion, a P/E ratio of 31.33, a PEG ratio of 1.92 and a beta of 1.14.
Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts predict that Fortive Co. will post 3.84 earnings per share for the current fiscal year.
Fortive Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 29th. Fortive's dividend payout ratio (DPR) is presently 12.75%.
About Fortive
(
Free Report)
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.
Read More
Before you consider Fortive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortive wasn't on the list.
While Fortive currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
