Hikari Power Ltd Decreases Stock Position in Fortive Co. (NYSE:FTV)

Hikari Power Ltd decreased its stake in shares of Fortive Co. (NYSE:FTV) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,700 shares of the technology company’s stock after selling 900 shares during the quarter. Hikari Power Ltd’s holdings in Fortive were worth $4,853,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FTV. Flossbach Von Storch SE raised its holdings in shares of Fortive by 1.2% in the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company’s stock valued at $892,743,000 after purchasing an additional 137,479 shares in the last quarter. Geode Capital Management LLC boosted its stake in Fortive by 0.6% in the third quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company’s stock valued at $644,346,000 after acquiring an additional 46,704 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Fortive by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Fortive by 14,635.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock valued at $315,720,000 after purchasing an additional 3,972,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fortive by 3.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company’s stock valued at $271,851,000 after purchasing an additional 103,530 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Trading Down 2.2 %

NYSE FTV opened at $80.03 on Friday. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The firm has a 50-day moving average price of $78.20 and a 200 day moving average price of $76.13. The stock has a market capitalization of $27.77 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.68 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last issued its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the prior year, the business posted $0.98 earnings per share. Equities research analysts expect that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. Fortive’s payout ratio is currently 13.56%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FTV. Citigroup cut Fortive from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $92.00 to $86.00 in a research note on Monday, December 9th. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group started coverage on shares of Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company increased their target price on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.64.

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.