Robeco Institutional Asset Management B.V. Trims Stock Holdings in Fortive Co. (NYSE:FTV)

Robeco Institutional Asset Management B.V. reduced its position in Fortive Co. (NYSE:FTV - Free Report) by 44.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 66,413 shares of the technology company's stock after selling 52,340 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fortive were worth $5,242,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of Fortive by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock valued at $308,000 after buying an additional 135 shares in the last quarter. RDA Financial Network lifted its position in shares of Fortive by 3.4% during the second quarter. RDA Financial Network now owns 4,191 shares of the technology company's stock worth $311,000 after acquiring an additional 138 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Fortive by 1.3% in the first quarter. Pitcairn Co. now owns 11,170 shares of the technology company's stock worth $961,000 after acquiring an additional 139 shares during the period. QRG Capital Management Inc. grew its position in shares of Fortive by 0.8% in the second quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company's stock valued at $1,371,000 after purchasing an additional 146 shares in the last quarter. Finally, Andina Capital Management LLC raised its stake in shares of Fortive by 3.4% during the 2nd quarter. Andina Capital Management LLC now owns 4,433 shares of the technology company's stock valued at $328,000 after purchasing an additional 147 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fortive

In related news, CFO Charles E. Mclaughlin sold 6,864 shares of Fortive stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the transaction, the chief financial officer now directly owns 73,391 shares of the company's stock, valued at $5,433,135.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Charles E. Mclaughlin sold 6,864 shares of Fortive stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.03, for a total value of $508,141.92. Following the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at approximately $5,433,135.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 42,651 shares of the company's stock, valued at approximately $3,058,503.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 192,895 shares of company stock worth $13,878,151. 1.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FTV shares. Royal Bank of Canada reduced their target price on Fortive from $85.00 to $77.00 and set a "sector perform" rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Fortive from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $90.00 to $92.00 in a report on Thursday, October 10th. Raymond James raised shares of Fortive from a "market perform" rating to an "outperform" rating and set a $85.00 price target for the company in a report on Thursday, September 5th. Mizuho raised shares of Fortive from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $80.00 to $90.00 in a report on Friday, September 6th. Finally, Wolfe Research lowered Fortive from an "outperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Fortive currently has an average rating of "Moderate Buy" and an average price target of $88.20.

Fortive Price Performance

Shares of FTV stock traded up $1.19 during trading hours on Friday, hitting $75.20. 3,757,172 shares of the company's stock were exchanged, compared to its average volume of 2,740,990. The company has a market capitalization of $26.09 billion, a PE ratio of 29.96, a PEG ratio of 2.04 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a 12-month low of $64.99 and a 12-month high of $87.10. The business's 50 day simple moving average is $75.22 and its 200-day simple moving average is $74.23.

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

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. Fortive's dividend payout ratio (DPR) is currently 12.75%.

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.