Mizuho Securities USA LLC Has $2.47 Million Position in Fortive Co. (NYSE:FTV)

Mizuho Securities USA LLC lifted its stake in shares of Fortive Co. (NYSE:FTV) by 44.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,883 shares of the technology company’s stock after purchasing an additional 10,165 shares during the quarter. Mizuho Securities USA LLC’s holdings in Fortive were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Fortive during the fourth quarter worth $31,000. Versant Capital Management Inc grew its position in Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after acquiring an additional 297 shares during the last quarter. Crews Bank & Trust bought a new stake in Fortive during the 4th quarter worth $37,000. Albion Financial Group UT acquired a new position in Fortive in the 4th quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA raised its position in Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock valued at $59,000 after purchasing an additional 175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 5,688 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total value of $457,997.76. Following the completion of the sale, the senior vice president now directly owns 47,141 shares of the company’s stock, valued at $3,795,793.32. The trade was a 10.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher M. Mulhall sold 6,493 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total value of $519,115.35. Following the transaction, the chief accounting officer now directly owns 24,283 shares in the company, valued at approximately $1,941,425.85. This trade represents a 21.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,385 shares of company stock valued at $19,508,529. Corporate insiders own 1.01% of the company’s stock.

Fortive Stock Up 1.5 %

Shares of NYSE:FTV opened at $75.92 on Tuesday. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $86.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The business’s 50-day moving average is $78.64 and its 200-day moving average is $76.92. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 2.68 and a beta of 1.16.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm earned $0.98 EPS. Equities research analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, February 28th. Fortive’s payout ratio is 13.56%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FTV. StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays decreased their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Truist Financial lifted their target price on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.