Fortive Co. (NYSE:FTV) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Fortive Co. (NYSE:FTV - Free Report) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,409 shares of the technology company's stock after buying an additional 6,515 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Fortive were worth $11,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headinvest LLC boosted its stake in shares of Fortive by 3.7% during the 3rd quarter. Headinvest LLC now owns 36,467 shares of the technology company's stock valued at $2,878,000 after buying an additional 1,290 shares during the last quarter. XTX Topco Ltd acquired a new stake in Fortive in the third quarter valued at $1,346,000. National Bank of Canada FI boosted its stake in Fortive by 86.8% during the 3rd quarter. National Bank of Canada FI now owns 181,244 shares of the technology company's stock valued at $14,306,000 after acquiring an additional 84,223 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Fortive during the 3rd quarter worth $976,000. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Fortive by 14.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 13,237 shares of the technology company's stock worth $1,045,000 after purchasing an additional 1,689 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fortive

In related news, 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 transaction, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the sale, the senior vice president now directly owns 42,651 shares in the company, valued at approximately $3,058,503.21. The trade was a 80.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,895 shares of company stock worth $14,261,051 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FTV. Wolfe Research downgraded Fortive from an "outperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Mizuho upgraded Fortive from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $80.00 to $90.00 in a report on Friday, September 6th. Wells Fargo & Company reduced their price objective on Fortive from $82.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Barclays decreased their price objective on shares of Fortive from $98.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, UBS Group assumed coverage on shares of Fortive in a report on Wednesday, November 13th. They set a "neutral" rating and a $84.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.73.

Fortive Stock Performance

Fortive stock traded down $1.45 during midday trading on Thursday, reaching $76.83. 2,221,812 shares of the stock traded hands, compared to its average volume of 2,001,205. The firm has a fifty day moving average price of $76.39 and a two-hundred day moving average price of $74.34. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The firm has a market cap of $26.66 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.17 and a beta of 1.14. 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 (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Fortive Co. will post 3.85 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, November 29th. Fortive's dividend payout ratio (DPR) is 12.75%.

About Fortive

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.