Kentucky Trust Co Invests $648,000 in Fortive Co. (NYSE:FTV)

Kentucky Trust Co bought a new stake in Fortive Co. (NYSE:FTV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,635 shares of the technology company's stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FTV. Private Advisor Group LLC grew its position in shares of Fortive by 3.6% in the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock valued at $308,000 after purchasing an additional 135 shares during the last quarter. Wedmont Private Capital grew its position in shares of Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after purchasing an additional 137 shares during the last quarter. Patton Albertson Miller Group LLC grew its position in shares of Fortive by 1.7% in the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after purchasing an additional 150 shares during the last quarter. Andina Capital Management LLC boosted its stake in shares of Fortive by 3.4% in the third quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company's stock valued at $362,000 after buying an additional 152 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Fortive by 1.6% in the third quarter. Atria Investments Inc now owns 10,591 shares of the technology company's stock valued at $836,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FTV shares. StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group initiated coverage on Fortive in a research note on Wednesday, November 13th. They set a "neutral" rating and a $84.00 target price for the company. Wells Fargo & Company increased their price target on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Citigroup cut Fortive from a "buy" rating to a "neutral" rating and dropped their price target for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Finally, Barclays dropped their price target on Fortive from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.64.

Fortive Trading Down 1.3 %

Fortive stock traded down $1.08 during trading hours on Friday, reaching $80.59. 2,713,487 shares of the company's stock were exchanged, compared to its average volume of 2,179,319. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The firm's 50 day simple moving average is $77.83 and its 200 day simple moving average is $75.67. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The firm has a market capitalization of $27.96 billion, a PE ratio of 32.11, a PEG ratio of 2.14 and a beta of 1.15.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the prior year, the company posted $0.98 earnings per share. Research analysts predict that Fortive Co. will post 3.84 earnings per share for the current year.

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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Fortive's dividend payout ratio (DPR) is presently 12.75%.

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.