Fortive Co. (NYSE:FTV) SVP Stacey A. Walker Sells 5,688 Shares

Fortive Co. (NYSE:FTV) SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the transaction, the senior vice president now owns 47,141 shares in the company, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fortive Stock Up 0.2 %

Shares of NYSE FTV opened at $79.73 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. 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 $78.70 and a 200 day moving average price of $76.48. The stock has a market cap of $27.66 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.68 and a beta of 1.15.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates 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. Analysts expect that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio is presently 13.56%.

Institutional Trading of Fortive

Institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Fortive during the third quarter worth $25,000. Parvin Asset Management LLC acquired a new position in shares of Fortive in the fourth quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of Fortive in the fourth quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of Fortive in the fourth quarter valued at $31,000. Finally, Versant Capital Management Inc increased its holdings in shares of Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FTV. Barclays lowered their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. UBS Group began coverage on shares of Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target for the company. Argus reaffirmed a “hold” rating on shares of Fortive in a report on Monday, November 18th. Finally, StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fortive has an average rating of “Moderate Buy” and a consensus 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.