Neuberger Berman Group LLC Has $1.43 Million Position in Fortive Co. (NYSE:FTV)

Neuberger Berman Group LLC trimmed its holdings in Fortive Co. (NYSE:FTV - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,036 shares of the technology company's stock after selling 11,622 shares during the period. Neuberger Berman Group LLC's holdings in Fortive were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FTV. Whipplewood Advisors LLC acquired a new stake in shares of Fortive in the 4th quarter valued at about $31,000. Versant Capital Management Inc lifted its stake in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock valued at $34,000 after acquiring an additional 297 shares in the last quarter. Crews Bank & Trust acquired a new position in Fortive during the 4th quarter worth approximately $37,000. Albion Financial Group UT bought a new position in shares of Fortive during the 4th quarter worth approximately $38,000. Finally, Dakota Community Bank & Trust NA raised its holdings in shares of Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock valued at $59,000 after purchasing an additional 175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Fortive Stock Performance

FTV stock traded down $0.26 during midday trading on Tuesday, reaching $65.75. 2,223,514 shares of the company were exchanged, compared to its average volume of 2,364,610. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.68 and a beta of 1.12. The business has a 50-day moving average price of $74.92 and a two-hundred day moving average price of $76.18. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

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Fortive (NYSE:FTV - Get Free Report) last announced its quarterly 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 last year, the company posted $0.98 EPS. Equities research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.49%. Fortive's dividend payout ratio (DPR) is presently 13.56%.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the sale, the senior vice president now owns 47,141 shares of the company's stock, valued at $3,795,793.32. This represents a 10.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher M. Mulhall sold 6,493 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total value of $519,115.35. Following the transaction, the chief accounting officer now owns 24,283 shares in the company, valued at approximately $1,941,425.85. This trade represents a 21.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 in the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on FTV. BNP Paribas cut shares of Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 target price for the company. in a report on Wednesday, April 9th. Truist Financial reduced their price objective on shares of Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Wells Fargo & Company raised 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, Citigroup lowered their price target on Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Fortive has a consensus rating of "Hold" and a consensus price target of $81.92.

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.