Insider Selling: Fortive Co. (NYSE:FTV) SVP Sells 3,002 Shares of Stock

Fortive Co. (NYSE:FTV - Get Free Report) SVP Stacey A. Walker sold 3,002 shares of Fortive stock in a transaction on Friday, February 28th. The shares were 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 trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fortive Stock Performance

Fortive stock traded down $0.62 on Friday, reaching $76.58. 3,263,640 shares of the stock were exchanged, compared to its average volume of 2,110,916. The stock has a market cap of $26.06 billion, a PE ratio of 32.45, a PEG ratio of 2.68 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The firm has a fifty day moving average price of $78.95 and a two-hundred day moving average price of $76.76.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $0.98 EPS. Sell-side analysts anticipate that Fortive Co. will post 4.05 EPS for the current year.

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Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. Fortive's payout ratio is 13.56%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FTV shares. Argus reaffirmed a "hold" rating on shares of Fortive in a research note on Monday, November 18th. Royal Bank of Canada lifted their price objective on shares of Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Fortive from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of 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 shares of Fortive from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of Fortive by 9.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,947,135 shares of the technology company's stock worth $3,221,036,000 after purchasing an additional 3,810,997 shares during the period. Flossbach Von Storch SE increased its holdings in shares of Fortive by 1.2% during the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company's stock worth $892,743,000 after purchasing an additional 137,479 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Fortive by 164.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,730,161 shares of the technology company's stock worth $654,763,000 after purchasing an additional 5,429,566 shares during the period. Geode Capital Management LLC increased its stake in Fortive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,294,930 shares of the technology company's stock valued at $620,480,000 after acquiring an additional 103,015 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Fortive by 13.8% in the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company's stock valued at $634,701,000 after acquiring an additional 977,428 shares during the period. Institutional investors own 94.94% of the company's stock.

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.