2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. reduced its holdings in shares of Fortive Co. ( NYSE:FTV – Free Report ) by 3.
5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,674 shares of the technology company’s stock after selling 168 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in Fortive were worth $351,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brown Brothers Harriman & Co.
raised its stake in shares of Fortive by 5.2% during the 4th quarter. Brown Brothers Harriman & Co.
now owns 2,554 shares of the technology company’s stock worth $192,000 after purchasing an additional 127 shares during the period. Wedmont Private Capital raised its position in Fortive by 4.3% in the fourth quarter.
Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after acquiring an additional 137 shares during the period. Dynasty Wealth Management LLC boosted its stake in Fortive by 1.0% in the fourth quarter.
Dynasty Wealth Management LLC now owns 14,436 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 142 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Fortive by 13.4% during the 4th quarter.
Manchester Capital Management LLC now owns 1,400 shares of the technology company’s stock valued at $105,000 after acquiring an additional 165 shares during the period. Finally, Webster Bank N. A.
increased its stake in shares of Fortive by 6.6% during the 4th quarter. Webster Bank N.
A. now owns 2,696 shares of the technology company’s stock worth $202,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 94.
94% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts recently commented on FTV shares. StockNews.
com downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Citigroup cut their price target on Fortive from $84.00 to $69.
00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company upped their price objective on shares of Fortive from $80.00 to $85.
00 and gave the company an “equal weight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Fortive from $90.
00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, BNP Paribas lowered shares of Fortive from an “outperform” rating to a “neutral” rating and set a $67.
00 price target on the stock. in a research report on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.92.
Fortive Stock Performance Shares of FTV opened at $65.44 on Monday. 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 stock has a 50-day moving average price of $73.76 and a 200-day moving average price of $75.84.
The company has a market cap of $22.27 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.
68 and a beta of 1.12. Fortive Co.
has a 12-month low of $60.39 and a 12-month high of $83.32.
Fortive ( NYSE:FTV – Get Free Report ) last released its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.
98 earnings per share. As a group, equities analysts forecast that Fortive Co. will post 4.
05 earnings per share for the current fiscal year. Fortive Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.
08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.
32 dividend on an annualized basis and a yield of 0.49%. Fortive’s payout ratio is 13.
56%. Insiders Place Their Bets In related news, CEO James A. Lico sold 196,117 shares of Fortive stock in a transaction on Monday, February 24th.
The shares were sold at an average price of $80.38, for a total value of $15,763,884.46.
Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, CFO Charles E.
Mclaughlin sold 32,085 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.
10. Following the completion of the sale, the chief financial officer now directly owns 76,126 shares of the company’s stock, valued at $6,003,296.36.
This represents a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 243,385 shares of company stock valued at $19,508,529 over the last 90 days. Insiders own 1.01% of the company’s stock.
Fortive Profile ( Free Report ) 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.
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