Nomura Asset Management Co. Ltd. Buys 4,166 Shares of Fortive Co. (NYSE:FTV)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Fortive Co. (NYSE:FTV) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 148,575 shares of the technology company’s stock after buying an additional 4,166 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Fortive were worth $11,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new stake in shares of Fortive in the 4th quarter worth about $31,000. Versant Capital Management Inc boosted its position in shares of Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after buying an additional 297 shares during the period. Crews Bank & Trust bought a new position in shares of Fortive during the fourth quarter valued at approximately $37,000. Albion Financial Group UT purchased a new stake in shares of Fortive in the fourth quarter worth approximately $38,000. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Fortive by 28.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock worth $59,000 after acquiring an additional 175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 5,688 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total value of $457,997.76. Following the sale, the senior vice president now owns 47,141 shares in the company, valued at $3,795,793.32. This represents a 10.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher M. Mulhall sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the transaction, the chief accounting officer now owns 24,283 shares in the company, valued at approximately $1,941,425.85. This trade represents a 21.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,385 shares of company stock worth $19,508,529. 1.01% of the stock is currently owned by insiders.

Fortive Price Performance

Shares of FTV stock opened at $72.57 on Monday. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $85.93. 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 firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.68 and a beta of 1.16. The stock’s 50-day simple moving average is $78.35 and its 200-day simple moving average is $77.00.

Fortive (NYSE:FTV) last released its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $0.98 EPS. As a group, equities analysts forecast that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.08 per share. The ex-dividend date was Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. Fortive’s dividend payout ratio is currently 13.56%.

Wall Street Analyst Weigh In

FTV has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup lowered shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays decreased their target price on Fortive from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and an average price target of $87.18.

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.