Mizuho Securities USA LLC raised its stake in Fortive Co. (NYSE:FTV - Free Report) by 44.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,883 shares of the technology company's stock after acquiring an additional 10,165 shares during the quarter. Mizuho Securities USA LLC's holdings in Fortive were worth $2,466,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Fortive by 3.3% during the 3rd quarter. Empowered Funds LLC now owns 5,410 shares of the technology company's stock valued at $427,000 after acquiring an additional 174 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Fortive by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,964,789 shares of the technology company's stock valued at $155,081,000 after purchasing an additional 24,539 shares during the period. Raymond James Trust N.A. increased its position in shares of Fortive by 4.7% in the third quarter. Raymond James Trust N.A. now owns 10,404 shares of the technology company's stock valued at $821,000 after buying an additional 468 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Fortive by 5.4% during the 3rd quarter. Cerity Partners LLC now owns 64,235 shares of the technology company's stock worth $5,070,000 after buying an additional 3,295 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in shares of Fortive by 20.3% during the 3rd quarter. Summit Trail Advisors LLC now owns 9,120 shares of the technology company's stock valued at $720,000 after buying an additional 1,538 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Fortive news, CEO James A. Lico sold 196,117 shares of the stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher M. Mulhall sold 6,493 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the sale, the chief accounting officer now directly owns 24,283 shares in the company, valued at $1,941,425.85. This trade represents a 21.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 in the last quarter. Insiders own 1.01% of the company's stock.
Fortive Trading Down 0.7 %
Fortive stock traded down $0.50 during midday trading on Thursday, hitting $74.70. 427,067 shares of the stock were exchanged, compared to its average volume of 2,129,982. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock's 50-day simple moving average is $78.56 and its 200 day simple moving average is $76.95. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $86.21. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.68 and a beta of 1.16.
Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (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 prior year, the company posted $0.98 earnings per share. On average, equities analysts anticipate that Fortive Co. will post 4.05 EPS for the current year.
Fortive Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. Fortive's dividend payout ratio is currently 13.56%.
Analyst Ratings Changes
FTV has been the subject of several recent analyst reports. Citigroup lowered shares of Fortive from a "buy" rating to a "neutral" rating and cut their price target for the stock from $92.00 to $86.00 in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Truist Financial raised their price target on shares of Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Barclays cut their price objective on Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Fortive has an average rating of "Moderate Buy" and an average target price of $87.18.
View Our Latest Research Report on Fortive
About Fortive
(
Free Report)
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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