National Bank of Canada FI Has $14.30 Million Stock Position in Fortive Co. (NYSE:FTV)

National Bank of Canada FI raised its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,659 shares of the technology company's stock after buying an additional 9,415 shares during the quarter. National Bank of Canada FI owned about 0.05% of Fortive worth $14,300,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in Fortive during the 4th quarter worth $31,000. Versant Capital Management Inc grew its position in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock worth $34,000 after purchasing an additional 297 shares during the last quarter. Crews Bank & Trust bought 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 approximately $38,000. Finally, Dakota Community Bank & Trust NA grew its holdings in Fortive by 28.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after buying an additional 175 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Fortive Stock Down 6.8 %

Shares of FTV stock traded down $4.64 on Thursday, reaching $63.12. 903,083 shares of the company's stock traded hands, compared to its average volume of 2,682,803. The company has a market capitalization of $21.48 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.12. Fortive Co. has a 12-month low of $60.38 and a 12-month high of $84.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The business's 50 day moving average price is $75.83 and its two-hundred day moving average price is $76.46.

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Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share 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 last year, the firm posted $0.98 EPS. On average, equities analysts forecast that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio (DPR) is presently 13.56%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FTV shares. StockNews.com lowered Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Barclays decreased their target price on shares of Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company upped their price target on shares of Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Truist Financial lowered their price target on Fortive from $90.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $83.33.

Insiders Place Their Bets

In other news, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the sale, the senior vice president now directly owns 42,373 shares in the company, valued at approximately $3,349,585.65. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the completion of the transaction, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock valued at $19,508,529 over the last ninety days. Corporate insiders own 1.01% of the company's stock.

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.