Fortive Co. (NYSE:FTV) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Fortive Co. (NYSE:FTV - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,444,205 shares of the technology company's stock after acquiring an additional 103,530 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.99% of Fortive worth $271,851,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Fortive during the third quarter worth about $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Fortive during the first quarter worth about $32,000. Ridgewood Investments LLC purchased a new stake in shares of Fortive during the second quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of Fortive during the second quarter worth about $30,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fortive during the second quarter worth about $31,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FTV shares. Argus reiterated a "hold" rating on shares of Fortive in a research report on Monday, November 18th. Raymond James upgraded Fortive from a "market perform" rating to an "outperform" rating and set a $85.00 target price on the stock in a research report on Thursday, September 5th. Barclays dropped their target price on Fortive from $98.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. UBS Group started coverage on Fortive in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $84.00 target price on the stock. Finally, Wolfe Research lowered Fortive from an "outperform" rating to a "peer perform" rating in a research report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortive presently has an average rating of "Moderate Buy" and an average price target of $87.82.

Fortive Price Performance

Shares of NYSE:FTV traded up $0.01 during midday trading on Friday, reaching $79.33. 1,234,827 shares of the company's stock traded hands, compared to its average volume of 2,003,695. The company has a fifty day simple moving average of $76.23 and a two-hundred day simple moving average of $74.26. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a market cap of $27.52 billion, a P/E ratio of 31.61, a PEG ratio of 2.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $1.53 billion for 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 company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities analysts predict that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, November 29th. Fortive's dividend payout ratio is presently 12.75%.

Insider Activity at Fortive

In other news, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total value of $1,049,657.40. Following the sale, the senior vice president now directly owns 68,161 shares of the company's stock, valued at $5,030,281.80. The trade was a 17.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now directly owns 42,651 shares in the company, valued at $3,058,503.21. This represents a 80.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,895 shares of company stock valued at $14,261,051. 1.01% of the stock is owned by corporate insiders.

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.