O Brien Greene & Co. Inc Has $5.96 Million Position in Fortive Co. (NYSE:FTV)

O Brien Greene & Co. Inc boosted its stake in shares of Fortive Co. (NYSE:FTV) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,430 shares of the technology company’s stock after acquiring an additional 4,236 shares during the quarter. Fortive accounts for 1.9% of O Brien Greene & Co. Inc’s portfolio, making the stock its 24th largest position. O Brien Greene & Co. Inc’s holdings in Fortive were worth $5,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Boston Partners increased its stake in shares of Fortive by 19.3% in the first quarter. Boston Partners now owns 6,463,772 shares of the technology company’s stock valued at $554,253,000 after buying an additional 1,045,245 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Fortive by 47.1% in the first quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock valued at $537,119,000 after buying an additional 1,999,792 shares in the last quarter. Capital World Investors increased its stake in shares of Fortive by 0.6% in the fourth quarter. Capital World Investors now owns 5,847,724 shares of the technology company’s stock valued at $430,568,000 after buying an additional 33,990 shares in the last quarter. Norges Bank acquired a new stake in shares of Fortive in the fourth quarter valued at $268,686,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fortive by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,668,448 shares of the technology company’s stock valued at $197,726,000 after buying an additional 205,893 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fortive news, SVP Jonathan L. Schwarz sold 14,223 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the completion of the transaction, the senior vice president now owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Fortive news, SVP Jonathan L. Schwarz sold 14,223 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the completion of the transaction, the senior vice president now owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Charles E. Mclaughlin sold 6,864 shares of the company’s stock in a transaction that occurred on 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 owns 73,391 shares in the company, valued at approximately $5,433,135.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley assumed coverage on Fortive in a report on Friday, September 6th. They set an “overweight” rating and a $89.00 price objective for the company. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Thursday, September 5th. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. TD Cowen raised Fortive from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $90.00 in a report on Monday, July 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $77.00 price objective on shares of Fortive in a report on Friday, September 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.23.

Fortive Price Performance

Shares of FTV opened at $74.79 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 1.23. The stock has a 50 day simple moving average of $72.32 and a 200 day simple moving average of $76.29. Fortive Co. has a 52-week low of $63.05 and a 52-week high of $87.10. The firm has a market capitalization of $26.33 billion, a PE ratio of 29.56, a P/E/G ratio of 2.11 and a beta of 1.11.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. Fortive had a return on equity of 12.32% and a net margin of 14.39%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $0.85 EPS. Fortive’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Fortive Co. will post 3.82 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, September 13th. Fortive’s dividend payout ratio (DPR) is currently 12.65%.

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.