Mariner LLC Sells 20,190 Shares of Fortive Co. (NYSE:FTV)

Mariner LLC decreased its holdings in Fortive Co. (NYSE:FTV - Free Report) by 37.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,273 shares of the technology company's stock after selling 20,190 shares during the quarter. Mariner LLC's holdings in Fortive were worth $2,570,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FTV. Whipplewood Advisors LLC acquired a new stake in shares of Fortive in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc increased its stake in Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock worth $34,000 after acquiring an additional 297 shares during the period. Crews Bank & Trust acquired a new position in Fortive in the 4th quarter valued at $37,000. Albion Financial Group UT bought a new stake in shares of Fortive during the 4th quarter valued at $38,000. Finally, Dakota Community Bank & Trust NA grew its holdings in shares of Fortive by 28.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Fortive

In related news, CEO James A. Lico sold 196,117 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the completion of the sale, the chief executive officer now owns 528,851 shares of the company's stock, valued at $42,509,043.38. This trade represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the transaction, the senior vice president now directly owns 42,373 shares in the company, valued at approximately $3,349,585.65. This trade represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock worth $19,508,529 over the last three months. 1.01% of the stock is owned by company insiders.

Fortive Stock Performance

Shares of Fortive stock opened at $66.04 on Wednesday. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.68 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. Fortive Co. has a twelve month low of $60.39 and a twelve month high of $83.32. The company's fifty day moving average is $73.13 and its 200 day moving average is $75.68.

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, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio is currently 13.56%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a report on Monday, February 10th. 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. Barclays cut their target price on Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Citigroup decreased their price target on Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $81.92.

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.

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