National Bank of Canada FI Buys 84,223 Shares of Fortive Co. (NYSE:FTV)

National Bank of Canada FI raised its holdings in Fortive Co. (NYSE:FTV - Free Report) by 86.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,244 shares of the technology company's stock after purchasing an additional 84,223 shares during the period. National Bank of Canada FI owned 0.05% of Fortive worth $14,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Fortive by 13.8% during the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company's stock valued at $634,701,000 after buying an additional 977,428 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of Fortive by 14,635.7% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company's stock valued at $315,720,000 after acquiring an additional 3,972,855 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Fortive by 3.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company's stock valued at $271,851,000 after acquiring an additional 103,530 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Fortive by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,668,448 shares of the technology company's stock worth $197,726,000 after acquiring an additional 205,893 shares during the period. Finally, Select Equity Group L.P. lifted its stake in Fortive by 6.8% in the 2nd quarter. Select Equity Group L.P. now owns 2,641,314 shares of the technology company's stock worth $195,721,000 after purchasing an additional 168,368 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Fortive Trading Down 0.0 %

Fortive stock traded down $0.03 during trading hours on Wednesday, reaching $78.29. The company had a trading volume of 1,373,023 shares, compared to its average volume of 2,000,283. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 2.17 and a beta of 1.14. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The company has a 50-day moving average price of $76.38 and a 200 day moving average price of $74.31.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Fortive Co. will post 3.85 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. Fortive's dividend payout ratio is presently 12.75%.

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 5,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares of the company's stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 6,864 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the transaction, the chief financial officer now owns 73,391 shares in the company, valued at $5,433,135.73. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,895 shares of company stock valued at $14,261,051 in the last 90 days. Insiders own 1.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FTV shares. Wolfe Research lowered Fortive from an "outperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Truist Financial cut their price objective on Fortive from $90.00 to $89.00 and set a "buy" rating for the company in a report on Friday, November 1st. Barclays lowered their target price on shares of Fortive from $98.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Fortive from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $90.00 to $92.00 in a research report on Thursday, October 10th. Finally, UBS Group started coverage on shares of Fortive in a report on Wednesday, November 13th. They set a "neutral" rating and a $84.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.73.

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.