XTX Topco Ltd Purchases Shares of 17,047 Fortive Co. (NYSE:FTV)

XTX Topco Ltd acquired a new stake in Fortive Co. (NYSE:FTV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,047 shares of the technology company's stock, valued at approximately $1,346,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC lifted its position in Fortive by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock worth $308,000 after buying an additional 135 shares in the last quarter. QRG Capital Management Inc. raised its stake 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 worth $1,371,000 after acquiring an additional 146 shares during the last quarter. Andina Capital Management LLC lifted its position in shares of Fortive by 3.4% during the second quarter. Andina Capital Management LLC now owns 4,433 shares of the technology company's stock worth $328,000 after purchasing an additional 147 shares in the last quarter. Patton Albertson Miller Group LLC grew its stake in shares of Fortive by 1.7% during the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after purchasing an additional 150 shares during the last quarter. Finally, Axiom Advisory LLC increased its holdings in shares of Fortive by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company's stock valued at $734,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

FTV has been the subject of several research reports. Mizuho raised Fortive from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $80.00 to $90.00 in a research note on Friday, September 6th. Morgan Stanley started coverage on Fortive in a report on Friday, September 6th. They set an "overweight" rating and a $89.00 price objective for the company. Citigroup lowered shares of Fortive from a "buy" rating to a "neutral" rating and reduced their target price for the company from $92.00 to $86.00 in a research note on Monday. Barclays lowered their price target on shares of Fortive from $98.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Fortive from a "hold" rating to a "buy" rating in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fortive presently has an average rating of "Moderate Buy" and a consensus price target of $86.73.

Insider Activity

In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the business's stock in a transaction dated 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 $5,433,135.73. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares of the company's stock, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,895 shares of company stock worth $14,261,051 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Fortive Trading Down 0.5 %

Shares of FTV traded down $0.41 during trading hours on Monday, reaching $78.48. The stock had a trading volume of 2,452,359 shares, compared to its average volume of 2,005,466. The company has a market cap of $27.23 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.17 and a beta of 1.14. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $76.36 and a 200 day moving average of $74.30.

Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Fortive Co. will post 3.85 earnings per share for the current fiscal 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, November 29th. Fortive's payout ratio 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.