Fortive Co. (NYSE:FTV) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in Fortive Co. (NYSE:FTV - Free Report) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,819,690 shares of the technology company's stock after acquiring an additional 152,315 shares during the quarter. Schroder Investment Management Group owned 0.52% of Fortive worth $136,550,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in Fortive in the fourth quarter worth $31,000. Versant Capital Management Inc grew its holdings in shares of Fortive by 186.8% in the fourth 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 purchased a new position in Fortive in the 4th quarter worth about $37,000. Albion Financial Group UT bought a new stake in Fortive during the 4th quarter valued at about $38,000. Finally, Dakota Community Bank & Trust NA boosted its position in Fortive by 28.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock valued at $59,000 after buying an additional 175 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Fortive Stock Performance

Fortive stock traded down $3.62 during mid-day trading on Friday, hitting $64.00. The company had a trading volume of 4,863,448 shares, compared to its average volume of 2,273,303. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.16. Fortive Co. has a 12-month low of $62.33 and a 12-month high of $84.96. The company's fifty day moving average is $77.39 and its 200-day moving average is $76.84. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

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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 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm earned $0.98 EPS. Equities research analysts predict that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. Fortive's dividend payout ratio is currently 13.56%.

Insider Buying and Selling at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of the 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 transaction, the chief financial officer now directly owns 76,126 shares of the company's stock, valued at $6,003,296.36. This trade represents a 29.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now directly owns 42,373 shares of the company's stock, valued at $3,349,585.65. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,385 shares of company stock valued at $19,508,529. Company insiders own 1.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Truist Financial raised their price objective on Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Royal Bank of Canada upped their target price on Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Barclays cut their price target on Fortive from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.