B. Metzler seel. Sohn & Co. AG Raises Position in Fortive Co. (NYSE:FTV)

B. Metzler seel. Sohn & Co. AG boosted its holdings in Fortive Co. (NYSE:FTV - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,908 shares of the technology company's stock after acquiring an additional 6,720 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Fortive were worth $5,393,000 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. Whipplewood Advisors LLC purchased a new position in shares of Fortive in the 4th quarter valued at about $31,000. Versant Capital Management Inc increased its holdings 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 buying an additional 297 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Fortive during the 4th quarter valued at approximately $37,000. Albion Financial Group UT purchased a new stake in shares of Fortive during the 4th quarter worth approximately $38,000. Finally, Dakota Community Bank & Trust NA grew its holdings in shares of 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 acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Fortive news, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total transaction of $237,308.10. Following the completion of the sale, the senior vice president now owns 42,373 shares of the company's stock, valued at approximately $3,349,585.65. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $78.86, for a total value 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 approximately $6,003,296.36. This trade represents 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 in the last ninety days. Company insiders own 1.01% of the company's stock.

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Fortive Trading Down 5.4 %

FTV stock traded down $3.62 during midday trading on Friday, hitting $64.00. The stock had a trading volume of 4,863,448 shares, compared to its average volume of 2,277,389. The company's 50-day moving average price is $77.39 and its 200 day moving average price is $76.86. 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 cap of $21.78 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. Fortive Co. has a 12-month low of $63.26 and a 12-month high of $84.96.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.98 EPS. On average, equities research analysts predict that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. Fortive's dividend payout ratio (DPR) is presently 13.56%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup cut Fortive from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $86.00 in a report on Monday, December 9th. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered 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. Truist Financial lifted their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company increased 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.18.

Fortive Company 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.