Fortive Co. (NYSE:FTV) Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,369 shares of the technology company's stock after acquiring an additional 13,901 shares during the quarter. Fortive accounts for approximately 1.3% of Quintet Private Bank Europe S.A.'s investment portfolio, making the stock its 25th biggest position. Quintet Private Bank Europe S.A. owned 0.09% of Fortive worth $23,803,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTV. Flossbach Von Storch SE boosted its stake in shares of Fortive by 1.2% in the fourth quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company's stock valued at $892,743,000 after purchasing an additional 137,479 shares during the period. Geode Capital Management LLC grew its stake in shares of Fortive by 0.6% in the third quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company's stock worth $644,346,000 after acquiring an additional 46,704 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Fortive by 13.8% during the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company's stock worth $634,701,000 after acquiring an additional 977,428 shares during the period. Mizuho Securities USA LLC raised its stake 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Fortive by 3.1% in 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. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Price Performance

Shares of FTV stock traded down $0.54 during mid-day trading on Monday, reaching $79.00. The stock had a trading volume of 3,558,248 shares, compared to its average volume of 2,559,711. 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 business has a 50-day simple moving average of $78.70 and a 200 day simple moving average of $76.58. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $87.10. The company has a market cap of $27.41 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $0.98 EPS. On average, sell-side analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 28th. Fortive's dividend payout ratio is currently 13.56%.

Insider Activity at Fortive

In other Fortive news, CAO Christopher M. Mulhall sold 6,493 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was 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 represents a 21.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Stacey A. Walker sold 5,688 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total value of $457,997.76. Following the completion of the transaction, the senior vice president now owns 47,141 shares in the company, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,298 shares of company stock worth $16,740,998. 1.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. UBS Group began coverage on shares of Fortive in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $84.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Truist Financial lifted their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Citigroup lowered Fortive from a "buy" rating to a "neutral" rating and dropped their target price for the company from $92.00 to $86.00 in a report on Monday, December 9th. Seven equities 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, Fortive has a consensus rating of "Moderate Buy" and an average target price of $87.64.

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.