Fortive Co. (NYSE:FTV) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in shares of Fortive Co. (NYSE:FTV) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,659 shares of the technology company’s stock after buying an additional 9,415 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Fortive worth $14,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position 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 last quarter. Wedmont Private Capital boosted its stake in Fortive by 4.3% during the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after buying an additional 137 shares during the period. Dynasty Wealth Management LLC increased its position in shares of Fortive by 1.0% during 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 raised its stake in shares of Fortive by 13.4% in 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. lifted its holdings in shares of Fortive by 6.6% in the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company’s stock worth $202,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Trading Down 5.4 %

NYSE:FTV opened at $64.00 on Friday. Fortive Co. has a 1 year low of $63.26 and a 1 year high of $84.96. The stock has a market cap of $21.78 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a 50-day simple moving average of $77.39 and a 200-day simple moving average of $76.84.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.98 EPS. As a group, analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, May 30th. Fortive’s dividend payout ratio (DPR) is currently 13.56%.

Insider Activity

In related news, SVP Stacey A. Walker sold 3,002 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the sale, the senior vice president now owns 42,373 shares in the company, valued at $3,349,585.65. This represents a 6.62 % decrease in their position. The transaction 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 firm’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 transaction, the chief financial officer now directly owns 76,126 shares in the company, valued at $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 243,385 shares of company stock valued at $19,508,529. Insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

FTV has been the topic of a number of research analyst reports. StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. Truist Financial lifted their target price on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada increased their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Finally, Barclays cut their target price on shares of Fortive from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.18.

Fortive 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.