Fortive Co. (NYSE:FTV) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in Fortive Co. (NYSE:FTV - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 584,627 shares of the technology company's stock after purchasing an additional 14,683 shares during the quarter. King Luther Capital Management Corp owned approximately 0.17% of Fortive worth $43,847,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its holdings in Fortive by 57.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,791 shares of the technology company's stock valued at $359,000 after purchasing an additional 1,749 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Fortive during the fourth quarter worth about $17,750,000. Amundi raised its holdings in Fortive by 22.4% during the fourth quarter. Amundi now owns 1,785,483 shares of the technology company's stock worth $137,036,000 after acquiring an additional 326,652 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its holdings in Fortive by 6.0% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 12,420 shares of the technology company's stock worth $932,000 after acquiring an additional 700 shares in the last quarter. Finally, Camden National Bank raised its holdings in Fortive by 90.6% during the fourth quarter. Camden National Bank now owns 5,303 shares of the technology company's stock worth $398,000 after acquiring an additional 2,521 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

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Insider Activity at Fortive

In related news, CEO James A. Lico sold 196,117 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $80.38, for a total value of $15,763,884.46. Following the sale, the chief executive officer now owns 528,851 shares in the company, valued at approximately $42,509,043.38. This trade represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the transaction, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. This represents a 29.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock worth $19,508,529 over the last 90 days. 1.01% of the stock is owned by company insiders.

Fortive Trading Up 2.8 %

Fortive stock traded up $2.01 during mid-day trading on Friday, hitting $73.83. The company's stock had a trading volume of 2,158,828 shares, compared to its average volume of 2,133,780. 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 stock has a market cap of $25.12 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The business has a 50 day moving average price of $78.86 and a 200-day moving average price of $76.80. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $87.10.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping 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 prior year, the firm earned $0.98 earnings per share. As a group, analysts forecast 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. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Fortive's dividend payout ratio is currently 13.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup downgraded Fortive from a "buy" rating to a "neutral" rating and reduced their price target for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Royal Bank of Canada increased their target price on shares of Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price target on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Fortive from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.64.

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.