Fortive Co. (NYSE:FTV) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Fortive Co. (NYSE:FTV) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,599 shares of the technology company’s stock after selling 1,994 shares during the quarter. Natixis Advisors LLC’s holdings in Fortive were worth $3,120,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC raised its position in Fortive by 21.3% during the 4th quarter. Frank Rimerman Advisors LLC now owns 4,124 shares of the technology company’s stock worth $309,000 after buying an additional 723 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of Fortive during the fourth quarter worth $74,000. Tredje AP fonden lifted its position in Fortive by 36.0% during the fourth quarter. Tredje AP fonden now owns 340,000 shares of the technology company’s stock valued at $25,500,000 after purchasing an additional 90,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Fortive during the fourth quarter valued at $5,238,000. Finally, Sequoia Financial Advisors LLC grew its position in Fortive by 8.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,704 shares of the technology company’s stock worth $803,000 after purchasing an additional 876 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Fortive

In other Fortive news, SVP Stacey A. Walker sold 5,688 shares of the 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 owns 47,141 shares in the company, valued at approximately $3,795,793.32. This represents a 10.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the business’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 value of $2,530,223.10. Following the transaction, the chief financial officer now owns 76,126 shares in the company, valued at approximately $6,003,296.36. This represents a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock valued at $19,508,529 over the last ninety days. Insiders own 1.01% of the company’s stock.

Fortive Stock Performance

NYSE:FTV opened at $74.84 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. The stock has a market capitalization of $25.47 billion, a PE ratio of 31.71, a P/E/G ratio of 2.68 and a beta of 1.16. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $86.21. The company has a fifty day moving average of $78.65 and a two-hundred day moving average of $76.86.

Fortive (NYSE:FTV) last released its 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 company earned $0.98 earnings per share. As a group, research analysts forecast that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FTV. StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Truist Financial lifted their price target on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and cut their target price for the company from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company increased their price target on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.