3,978 Shares in Fortive Co. (NYSE:FTV) Acquired by YANKCOM Partnership

YANKCOM Partnership bought a new stake in shares of Fortive Co. (NYSE:FTV) in the fourth quarter, Holdings Channel reports. The firm bought 3,978 shares of the technology company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Choreo LLC increased its holdings in Fortive by 57.2% in the fourth quarter. Choreo LLC now owns 10,148 shares of the technology company’s stock worth $761,000 after buying an additional 3,692 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Fortive by 26.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,502 shares of the technology company’s stock worth $2,832,000 after purchasing an additional 7,829 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Fortive by 35.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,838 shares of the technology company’s stock valued at $363,000 after purchasing an additional 1,270 shares during the last quarter. Tandem Capital Management Corp ADV lifted its stake in shares of Fortive by 2.7% in the fourth quarter. Tandem Capital Management Corp ADV now owns 27,397 shares of the technology company’s stock worth $2,055,000 after buying an additional 728 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Fortive by 0.4% during the 4th quarter. Jennison Associates LLC now owns 391,465 shares of the technology company’s stock worth $29,360,000 after buying an additional 1,545 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Price Performance

Shares of Fortive stock opened at $79.39 on Thursday. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.18 and a beta of 1.15. The firm’s 50-day moving average price is $77.65 and its two-hundred day moving average price is $75.29. 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 Co. has a 1-year low of $66.15 and a 1-year high of $87.10.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s dividend payout ratio is 12.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on FTV. 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 report on Wednesday, January 8th. Truist Financial raised their target price on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company upped their price target on Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Finally, StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Fortive presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.45.

Insiders Place Their Bets

In related news, SVP Peter C. Underwood sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.01% of the company’s stock.

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.