10,823 Shares in Fortive Co. (NYSE:FTV) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of Fortive Co. (NYSE:FTV - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,823 shares of the technology company's stock, valued at approximately $854,000.

Several other large investors have also made changes to their positions in FTV. Tidal Investments LLC lifted its stake in Fortive by 5.3% in the 3rd quarter. Tidal Investments LLC now owns 16,513 shares of the technology company's stock valued at $1,303,000 after acquiring an additional 829 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fortive in the third quarter valued at approximately $456,000. World Investment Advisors LLC acquired a new stake in Fortive during the third quarter worth about $12,031,000. Sanctuary Advisors LLC lifted its position in shares of Fortive by 33.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,303 shares of the technology company's stock worth $1,357,000 after buying an additional 4,333 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Fortive by 6.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 24,437 shares of the technology company's stock valued at $1,929,000 after acquiring an additional 1,438 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

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 on Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacey A. Walker sold 171,808 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the sale, the senior vice president now directly owns 42,651 shares of the company's stock, valued at approximately $3,058,503.21. This trade represents a 80.11 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Fortive Price Performance

FTV stock traded up $0.03 during trading on Friday, hitting $76.86. The stock had a trading volume of 1,976,361 shares, compared to its average volume of 2,001,103. The stock has a market capitalization of $26.67 billion, a P/E ratio of 30.62, a PEG ratio of 2.15 and a beta of 1.14. The company's 50-day moving average price is $76.39 and its two-hundred day moving average price is $74.37. Fortive Co. has a twelve month low of $66.15 and a twelve 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.

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

Fortive Dividend Announcement

The business 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, November 29th. Fortive's dividend payout ratio is currently 12.75%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Fortive from $82.00 to $77.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada reduced their target price on Fortive from $85.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 31st. Truist Financial cut their price target on shares of Fortive from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Morgan Stanley started coverage on Fortive in a research report on Friday, September 6th. They set an "overweight" rating and a $89.00 price objective on the stock. Finally, StockNews.com upgraded Fortive from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.73.

Fortive 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.