Fortive Co. (NYSE:FTV) Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE boosted its stake in shares of Fortive Co. (NYSE:FTV - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,903,240 shares of the technology company's stock after purchasing an additional 137,479 shares during the period. Fortive makes up approximately 3.6% of Flossbach Von Storch SE's portfolio, making the stock its 9th biggest holding. Flossbach Von Storch SE owned 3.43% of Fortive worth $892,743,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in Fortive by 36.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,778 shares of the technology company's stock worth $208,000 after acquiring an additional 742 shares during the period. Schubert & Co purchased a new stake in Fortive in the 4th quarter worth approximately $1,362,000. CIBC Asset Management Inc grew its stake in shares of Fortive by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 53,551 shares of the technology company's stock worth $4,016,000 after purchasing an additional 2,433 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Fortive by 4,321.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 6,323 shares of the technology company's stock valued at $474,000 after purchasing an additional 6,180 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Fortive by 13.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company's stock valued at $105,000 after purchasing an additional 165 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Stock Down 2.2 %

Shares of NYSE FTV traded down $1.81 during midday trading on Friday, hitting $80.03. The company's stock had a trading volume of 3,250,439 shares, compared to its average volume of 2,436,289. 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 firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.15. The business's fifty day simple moving average is $78.14 and its two-hundred day simple moving average is $75.99. Fortive Co. has a 1 year low of $66.15 and a 1 year 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 the consensus estimate 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 in the previous year, the firm posted $0.98 earnings per share. On average, equities analysts predict that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a yield of 0.40%. Fortive's dividend payout ratio (DPR) is 13.56%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target 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. Truist Financial raised their target price on Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Citigroup downgraded Fortive from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Argus restated a "hold" rating on shares of Fortive in a research report on Monday, November 18th. Finally, Royal Bank of Canada increased their target price on Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.64.

About Fortive

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.