Fortive Co. (NYSE:FTV) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Fortive Co. (NYSE:FTV - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,323 shares of the technology company's stock after selling 10,195 shares during the period. Corient Private Wealth LLC's holdings in Fortive were worth $7,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wedmont Private Capital raised its position in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after purchasing an additional 137 shares during the period. Dynasty Wealth Management LLC raised its holdings in shares of Fortive by 1.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company's stock valued at $1,083,000 after buying an additional 142 shares during the period. Patton Albertson Miller Group LLC raised its holdings in shares of Fortive by 1.7% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after buying an additional 150 shares during the period. Manchester Capital Management LLC boosted its holdings in 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 acquiring an additional 165 shares during the period. Finally, Webster Bank N. A. boosted its holdings in Fortive by 6.6% during the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company's stock valued at $202,000 after acquiring an additional 168 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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Fortive Stock Up 0.1 %

Fortive stock traded up $0.05 during mid-day trading on Tuesday, hitting $75.96. The company had a trading volume of 1,889,410 shares, compared to its average volume of 2,138,428. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $86.21. The business has a fifty day moving average of $78.64 and a 200 day moving average of $76.92. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.68 and a beta of 1.16.

Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating analysts' consensus estimates 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 business posted $0.98 EPS. On average, sell-side analysts expect that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. Fortive's dividend payout ratio is presently 13.56%.

Wall Street Analyst Weigh In

FTV has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Truist Financial raised their price target on shares of Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Citigroup lowered Fortive from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Seven equities research 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 currently has an average rating of "Moderate Buy" and an average price target of $87.64.

Insider Buying and Selling at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 76,126 shares in the company, valued at approximately $6,003,296.36. This trade represents a 29.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,385 shares of company stock worth $19,508,529. 1.01% of the stock is owned by insiders.

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.