Xponance Inc. Has $5.87 Million Holdings in Fortive Co. (NYSE:FTV)

Xponance Inc. grew its holdings in Fortive Co. (NYSE:FTV - Free Report) by 56.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,269 shares of the technology company's stock after purchasing an additional 28,290 shares during the quarter. Xponance Inc.'s holdings in Fortive were worth $5,870,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, SVP Stacey A. Walker sold 3,002 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher M. Mulhall sold 6,493 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total transaction of $519,115.35. Following the transaction, the chief accounting officer now owns 24,283 shares in the company, valued at approximately $1,941,425.85. The trade was a 21.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock worth $19,508,529 in the last quarter. Corporate insiders own 1.01% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut Fortive from a "buy" rating to a "neutral" rating and lowered their price target for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Wells Fargo & Company upped their target price on shares of Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Barclays reduced their price target on shares of Fortive from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Truist Financial upped their price objective on shares of Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.64.

Fortive Stock Up 1.5 %

Shares of FTV stock traded up $1.13 on Monday, hitting $75.92. 2,031,129 shares of the stock were exchanged, compared to its average volume of 2,138,923. 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 firm has a market capitalization of $25.83 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $86.21. The business has a 50-day moving average of $78.65 and a 200 day moving average of $76.90.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly 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 net margin of 13.36% and a return on equity of 13.15%. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts anticipate that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

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 paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. Fortive's dividend payout ratio is 13.56%.

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.