Fortive Co. (NYSE:FTV) Shares Purchased by Webster Bank N. A.

Webster Bank N. A. increased its position in shares of Fortive Co. (NYSE:FTV) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,696 shares of the technology company’s stock after purchasing an additional 168 shares during the period. Webster Bank N. A.’s holdings in Fortive were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in Fortive by 73.4% in the second quarter. Public Sector Pension Investment Board now owns 13,565 shares of the technology company’s stock valued at $1,005,000 after buying an additional 5,741 shares during the last quarter. AXA S.A. raised its position in Fortive by 0.7% in the 2nd quarter. AXA S.A. now owns 31,577 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 225 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Fortive in the second quarter valued at $1,845,000. Creative Planning raised its holdings in shares of Fortive by 9.8% in the second quarter. Creative Planning now owns 30,719 shares of the technology company’s stock valued at $2,276,000 after buying an additional 2,741 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fortive by 22.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,152 shares of the technology company’s stock worth $456,000 after buying an additional 1,117 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the sale, the senior vice president now directly owns 42,651 shares in the company, valued at $3,058,503.21. This represents a 80.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the transaction, the senior vice president now owns 48,346 shares in the company, valued at $3,702,336.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

Fortive Stock Down 1.0 %

Shares of NYSE FTV opened at $79.75 on Tuesday. The firm has a market cap of $27.67 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The firm’s 50 day moving average price is $77.14 and its 200 day moving average price is $75.10.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s payout ratio is 12.75%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada dropped their price objective on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Argus restated a “hold” rating on shares of Fortive in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fortive has a consensus rating of “Moderate Buy” and a consensus target price of $86.45.

About Fortive

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.