Generali Asset Management SPA SGR Invests $1.21 Million in Fortive Co. (NYSE:FTV)

Generali Asset Management SPA SGR purchased a new stake in shares of Fortive Co. (NYSE:FTV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,113 shares of the technology company's stock, valued at approximately $1,208,000.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Fortive by 184.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 51,916 shares of the technology company's stock valued at $3,894,000 after buying an additional 33,642 shares during the period. Parallel Advisors LLC grew its stake in shares of Fortive by 4.5% in the fourth quarter. Parallel Advisors LLC now owns 5,363 shares of the technology company's stock worth $402,000 after purchasing an additional 231 shares during the last quarter. Cibc World Markets Corp increased its holdings in Fortive by 15.3% during the 4th quarter. Cibc World Markets Corp now owns 54,896 shares of the technology company's stock valued at $4,117,000 after purchasing an additional 7,289 shares during the period. Choate Investment Advisors bought a new position in Fortive during the 4th quarter valued at approximately $299,000. Finally, Frank Rimerman Advisors LLC lifted its holdings in Fortive by 21.3% in the 4th quarter. Frank Rimerman Advisors LLC now owns 4,124 shares of the technology company's stock worth $309,000 after buying an additional 723 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup lowered shares of Fortive from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Wells Fargo & Company increased their price target on shares of Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Truist Financial raised their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.64.

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Insider Activity

In related news, CEO James A. Lico sold 196,117 shares of Fortive stock in a transaction on Monday, February 24th. The shares were sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the sale, the chief executive officer now directly owns 528,851 shares in the company, valued at $42,509,043.38. This trade represents a 27.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the sale, the senior vice president now owns 47,141 shares of the company's stock, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. In 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.

Fortive Stock Performance

Shares of Fortive stock traded up $0.05 during trading on Tuesday, hitting $75.96. 1,889,410 shares of the company's stock were exchanged, compared to its average volume of 2,138,428. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.68 and a beta of 1.16. The business has a 50-day simple moving average of $78.64 and a 200-day simple moving average of $76.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $86.21.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results on Friday, February 7th. The technology company reported $1.17 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 previous year, the company earned $0.98 earnings per share. On average, research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given 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 of this dividend is Friday, February 28th. Fortive's payout ratio is 13.56%.

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.