ST Germain D J Co. Inc. Sells 183 Shares of Fortive Co. (NYSE:FTV)

ST Germain D J Co. Inc. reduced its stake in Fortive Co. (NYSE:FTV) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247,600 shares of the technology company’s stock after selling 183 shares during the quarter. ST Germain D J Co. Inc. owned approximately 0.07% of Fortive worth $19,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new position in shares of Fortive during the 1st quarter valued at about $26,000. Ridgewood Investments LLC purchased a new stake in shares of Fortive in the second quarter worth $30,000. International Assets Investment Management LLC bought a new stake in shares of Fortive during the 2nd quarter valued at $30,000. Goodman Advisory Group LLC purchased a new position in shares of Fortive during the 2nd quarter valued at $31,000. Finally, Advisors Asset Management Inc. bought a new position in Fortive in the 1st quarter worth $32,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fortive

In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.03, for a total transaction of $508,141.92. Following the transaction, the chief financial officer now directly owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Charles E. Mclaughlin sold 6,864 shares of the 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 transaction, the chief financial officer now owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction on Friday, September 13th. The shares were sold at an average price of $73.80, for a total value of $1,049,657.40. Following the sale, the senior vice president now directly owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

Fortive Trading Up 0.3 %

Shares of NYSE FTV traded up $0.20 during trading hours on Friday, hitting $77.47. 3,083,545 shares of the company traded hands, compared to its average volume of 1,853,251. Fortive Co. has a 12 month low of $63.05 and a 12 month high of $87.10. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $74.50 and its 200 day moving average price is $75.13.

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

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, September 13th. Fortive’s dividend payout ratio is presently 12.65%.

Wall Street Analyst Weigh In

A number of research firms have commented on FTV. Barclays raised their price target on Fortive from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Morgan Stanley initiated coverage on shares of Fortive in a report on Friday, September 6th. They issued an “overweight” rating and a $89.00 target price on the stock. Raymond James raised shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Thursday, September 5th. Finally, Truist Financial lifted their price target on shares of Fortive from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and an average price target of $87.36.

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.