Fortive Co. (NYSE:FTV) Shares Purchased by Tredje AP fonden

Tredje AP fonden lifted its stake in shares of Fortive Co. (NYSE:FTV - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 340,000 shares of the technology company's stock after acquiring an additional 90,000 shares during the period. Tredje AP fonden owned 0.10% of Fortive worth $25,500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FTV. Assetmark Inc. increased its position in shares of Fortive by 18.4% during the 3rd quarter. Assetmark Inc. now owns 32,004 shares of the technology company's stock worth $2,526,000 after purchasing an additional 4,979 shares during the last quarter. Atria Investments Inc increased its position in shares of Fortive by 1.6% during the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company's stock worth $836,000 after purchasing an additional 163 shares during the last quarter. Aigen Investment Management LP increased its position in shares of Fortive by 6.9% during the 3rd quarter. Aigen Investment Management LP now owns 9,286 shares of the technology company's stock worth $733,000 after purchasing an additional 600 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Fortive by 1.5% during the 3rd quarter. Victory Capital Management Inc. now owns 150,553 shares of the technology company's stock worth $11,883,000 after purchasing an additional 2,156 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Fortive in the 3rd quarter valued at about $448,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

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Fortive Stock Up 2.8 %

FTV stock traded up $2.01 during trading on Friday, hitting $73.83. 2,158,828 shares of the company's stock were exchanged, compared to its average volume of 2,135,749. The business has a 50-day moving average price of $78.81 and a two-hundred day moving average price of $76.82. The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.68 and a beta of 1.16. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts expect 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. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Fortive's payout ratio is 13.56%.

Insider Buying and Selling at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total value of $2,530,223.10. Following the completion of the sale, the chief financial officer now owns 76,126 shares in the company, valued at approximately $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the sale, the senior vice president now owns 42,373 shares of the company's stock, valued at approximately $3,349,585.65. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 243,385 shares of company stock worth $19,508,529. 1.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTV. Argus reaffirmed a "hold" rating on shares of Fortive in a research report on Monday, November 18th. Wells Fargo & Company lifted their target price on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Barclays dropped their target price on Fortive from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Truist Financial lifted their target price on Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Citigroup downgraded 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 research report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Fortive currently has an average rating of "Moderate Buy" and a consensus price target 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.