Fortive Co. (NYSE:FTV) SVP Stacey A. Walker Sells 171,808 Shares

Fortive Co. (NYSE:FTV) SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company’s stock, valued at $3,058,503.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Fortive Stock Up 0.3 %

Shares of FTV traded up $0.23 during trading hours on Tuesday, hitting $71.39. The stock had a trading volume of 3,663,193 shares, compared to its average volume of 1,923,225. The firm has a market capitalization of $24.77 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. Fortive Co. has a 1-year low of $64.69 and a 1-year high of $87.10. The firm has a 50 day simple moving average of $75.22 and a 200-day simple moving average of $74.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $0.85 EPS. Fortive’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, September 13th. Fortive’s dividend payout ratio is currently 12.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FTV shares. Mizuho upgraded Fortive from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $90.00 in a research report on Friday, September 6th. Wolfe Research lowered shares of Fortive from an “outperform” rating to a “peer perform” rating in a report on Friday, September 6th. Barclays reduced their price objective on shares of Fortive from $98.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley began coverage on shares of Fortive in a research note on Friday, September 6th. They set an “overweight” rating and a $89.00 target price for the company. Finally, StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.20.

Institutional Investors Weigh In On Fortive

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Fortive in the 3rd quarter worth $25,000. Ridgewood Investments LLC bought a new stake in Fortive in the 2nd quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in Fortive in the 2nd quarter valued at about $30,000. Goodman Advisory Group LLC bought a new position in shares of Fortive during the 2nd quarter worth approximately $31,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Fortive in the 1st quarter worth approximately $32,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.