First Hawaiian Bank Purchases 10,125 Shares of Fortive Co. (NYSE:FTV)

First Hawaiian Bank raised its holdings in Fortive Co. (NYSE:FTV - Free Report) by 197.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,264 shares of the technology company's stock after purchasing an additional 10,125 shares during the quarter. First Hawaiian Bank's holdings in Fortive were worth $1,145,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Fortive during the third quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in Fortive in the 2nd quarter valued at approximately $31,000. Pinnacle Bancorp Inc. raised its stake in shares of Fortive by 71.0% during the third quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company's stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Fortive by 186.8% during 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fortive in the second quarter worth $35,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on Fortive from $85.00 to $77.00 and set a "sector perform" rating for the company in a research report on Thursday, October 31st. 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 note on Thursday, December 19th. Barclays dropped their price target on Fortive from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday. StockNews.com raised shares of Fortive from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, UBS Group initiated coverage on Fortive in a report on Wednesday, November 13th. They issued a "neutral" rating and a $84.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.64.

Fortive Stock Performance

Shares of FTV traded down $1.43 on Friday, reaching $75.32. 2,433,140 shares of the company's stock traded hands, compared to its average volume of 2,261,723. The stock's 50 day simple moving average is $76.22 and its two-hundred day simple moving average is $74.64. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The stock has a market cap of $26.13 billion, a PE ratio of 30.01, a PEG ratio of 2.11 and a beta of 1.14.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.04. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, analysts forecast that Fortive Co. will post 3.85 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, November 29th. Fortive's dividend payout ratio is currently 12.75%.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 171,808 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the sale, the senior vice president now directly owns 42,651 shares in the company, valued at $3,058,503.21. This represents a 80.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Peter C. Underwood sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the transaction, the senior vice president now owns 48,346 shares of the company's stock, valued at $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.01% of the company's stock.

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.