Whittier Trust Co. of Nevada Inc. Increases Stock Position in Fortive Co. (NYSE:FTV)

Whittier Trust Co. of Nevada Inc. boosted its position in Fortive Co. (NYSE:FTV - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,381 shares of the technology company's stock after buying an additional 8,456 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Fortive were worth $11,054,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTV. Whipplewood Advisors LLC purchased a new stake in shares of Fortive in the fourth quarter valued at about $31,000. Versant Capital Management Inc boosted its holdings in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock valued at $34,000 after purchasing an additional 297 shares in the last quarter. Crews Bank & Trust purchased a new stake in Fortive in the 4th quarter valued at approximately $37,000. Albion Financial Group UT purchased a new position in shares of Fortive during the 4th quarter worth approximately $38,000. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Fortive by 28.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after buying an additional 175 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Price Performance

NYSE:FTV traded up $0.05 during trading hours on Tuesday, reaching $75.96. 1,891,802 shares of the company traded hands, compared to its average volume of 2,138,428. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The firm's 50-day moving average is $78.64 and its 200-day moving average is $76.92. The stock has a market cap of $25.85 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.68 and a beta of 1.16. Fortive Co. has a 1-year low of $66.15 and a 1-year high of $86.21.

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Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company earned $0.98 EPS. Equities research analysts expect that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently disclosed 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 dividend yield of 0.42%. The ex-dividend date is Friday, February 28th. Fortive's payout ratio is 13.56%.

Insider Buying and Selling

In other news, CEO James A. Lico sold 196,117 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the sale, the chief executive officer now owns 528,851 shares in the company, valued at $42,509,043.38. This trade represents a 27.05 % 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, CFO Charles E. Mclaughlin sold 32,085 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the completion of the transaction, the chief financial officer now owns 76,126 shares of the company's stock, valued at $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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

A number of brokerages recently weighed in on FTV. StockNews.com lowered Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Barclays lowered their price target on shares of Fortive from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial raised their price objective on shares of Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Citigroup lowered shares of Fortive from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.64.

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.