Fortive Co. (NYSE:FTV) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its holdings in Fortive Co. (NYSE:FTV - Free Report) by 24.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,791 shares of the technology company's stock after acquiring an additional 18,119 shares during the quarter. Banque Cantonale Vaudoise's holdings in Fortive were worth $7,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Fortive in the 3rd quarter valued at about $25,000. Ridgewood Investments LLC purchased a new position in Fortive in the second quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Fortive during the 2nd quarter valued at approximately $30,000. Goodman Advisory Group LLC purchased a new stake in shares of Fortive during the 2nd quarter worth approximately $31,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Fortive in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Fortive Trading Down 0.1 %

Shares of FTV stock traded down $0.11 during mid-day trading on Tuesday, hitting $74.50. 2,288,497 shares of the company's stock were exchanged, compared to its average volume of 1,978,812. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.05 and a beta of 1.13. The stock has a 50-day simple moving average of $75.58 and a two-hundred day simple moving average of $74.15. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Equities analysts expect that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. Fortive's dividend payout ratio is presently 12.75%.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company's stock, valued at approximately $3,058,503.21. This trade represents a 80.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,895 shares of company stock valued at $14,261,051. 1.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on FTV. Morgan Stanley began coverage on Fortive in a research report on Friday, September 6th. They set an "overweight" rating and a $89.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Fortive from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $90.00 to $92.00 in a research report on Thursday, October 10th. Truist Financial dropped their target price on shares of Fortive from $90.00 to $89.00 and set a "buy" rating for the company in a report on Friday, November 1st. Wells Fargo & Company reduced their price target on shares of Fortive from $82.00 to $77.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price objective on shares of Fortive from $85.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Fortive currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.82.

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.