Yousif Capital Management LLC Has $2.82 Million Stock Holdings in Fortive Co. (NYSE:FTV)

Yousif Capital Management LLC decreased its position in Fortive Co. (NYSE:FTV - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,585 shares of the technology company's stock after selling 5,138 shares during the quarter. Yousif Capital Management LLC's holdings in Fortive were worth $2,819,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC grew its position in shares of Fortive by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company's stock valued at $308,000 after purchasing an additional 135 shares during the period. Wedmont Private Capital lifted its stake in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after buying an additional 137 shares in the last quarter. Patton Albertson Miller Group LLC boosted its holdings in shares of Fortive by 1.7% in the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company's stock valued at $699,000 after buying an additional 150 shares during the period. Andina Capital Management LLC increased its position in shares of Fortive by 3.4% during the third quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company's stock worth $362,000 after acquiring an additional 152 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Fortive by 1.6% during the third quarter. Atria Investments Inc now owns 10,591 shares of the technology company's stock worth $836,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada boosted their target price on Fortive from $77.00 to $85.00 and gave the company a "sector perform" rating in a research note on Monday. Barclays decreased their price target on shares of Fortive from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.64.

Fortive Stock Performance

Shares of FTV traded up $1.51 during midday trading on Thursday, reaching $81.68. The stock had a trading volume of 2,290,588 shares, compared to its average volume of 2,384,279. The firm has a market cap of $28.34 billion, a PE ratio of 32.54, a P/E/G ratio of 2.14 and a beta of 1.15. The firm has a 50 day simple moving average of $77.74 and a 200-day simple moving average of $75.57. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same period last year, the business earned $0.98 EPS. As a group, sell-side analysts anticipate that Fortive Co. will post 3.84 EPS for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, February 28th. Fortive's payout ratio is presently 12.75%.

Fortive Company 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.