Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Holdings in Fortive Co. (NYSE:FTV)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in Fortive Co. (NYSE:FTV - Free Report) by 29.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,891 shares of the technology company's stock after selling 4,882 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Fortive were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Visionary Horizons LLC grew its stake in shares of Fortive by 26.4% in the 4th quarter. Visionary Horizons LLC now owns 4,366 shares of the technology company's stock worth $327,000 after buying an additional 912 shares during the last quarter. Empowered Funds LLC boosted its stake in Fortive by 14.4% during the 4th quarter. Empowered Funds LLC now owns 6,189 shares of the technology company's stock valued at $464,000 after purchasing an additional 779 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Fortive by 30.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 7,534 shares of the technology company's stock valued at $565,000 after purchasing an additional 1,762 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Fortive by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,380 shares of the technology company's stock valued at $3,404,000 after purchasing an additional 627 shares during the last quarter. Finally, YANKCOM Partnership purchased a new stake in Fortive during the 4th quarter valued at $298,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on FTV shares. Truist Financial increased their target price on Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Argus reiterated a "hold" rating on shares of Fortive in a research note on Monday, November 18th. Royal Bank of Canada increased their price target on Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a report on Monday. Barclays lowered their price target on Fortive from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

Fortive Stock Performance

NYSE FTV traded up $1.51 on Thursday, hitting $81.68. 2,290,588 shares of the company traded hands, compared to its average volume of 2,384,279. The company has a market capitalization of $28.34 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The business's 50 day moving average price is $77.74 and its 200-day moving average price is $75.57. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.98 EPS. Equities analysts expect that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The firm 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 $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. Fortive's payout ratio 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.