Mutual of America Capital Management LLC Sells 1,581 Shares of Fortive Co. (NYSE:FTV)

Mutual of America Capital Management LLC lessened its stake in shares of Fortive Co. (NYSE:FTV) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 41,569 shares of the technology company’s stock after selling 1,581 shares during the period. Mutual of America Capital Management LLC’s holdings in Fortive were worth $3,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in Fortive by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock worth $308,000 after acquiring an additional 135 shares in the last quarter. Wedmont Private Capital raised its position in shares of Fortive by 4.3% during the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock valued at $252,000 after purchasing an additional 137 shares during the period. Dynasty Wealth Management LLC lifted its stake in shares of Fortive by 1.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company’s stock valued at $1,083,000 after buying an additional 142 shares in the last quarter. Patton Albertson Miller Group LLC boosted its holdings in Fortive by 1.7% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock worth $699,000 after buying an additional 150 shares during the period. Finally, Atria Investments Inc increased its stake in Fortive by 1.6% in the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock worth $836,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. UBS Group began coverage on shares of Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective on the stock. Barclays cut their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised their price objective on Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research 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. According to MarketBeat.com, Fortive presently has an average rating of “Moderate Buy” and an average price target of $87.64.

Fortive Stock Down 1.2 %

Shares of FTV opened at $77.19 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $78.93 and a 200 day moving average of $76.72. The company has a market cap of $26.27 billion, a PE ratio of 32.71, a P/E/G ratio of 2.68 and a beta of 1.15. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10.

Fortive (NYSE:FTV) last released its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $0.98 earnings per share. On average, sell-side analysts expect that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio is currently 13.56%.

Insider Activity at Fortive

In other Fortive news, SVP Stacey A. Walker sold 5,688 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the transaction, the chief financial officer now directly owns 76,126 shares in the company, valued at approximately $6,003,296.36. This trade represents a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock worth $19,508,529 in the last quarter. 1.01% of the stock is owned by company insiders.

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.