O Shaughnessy Asset Management LLC Has $1.10 Million Stake in Fortive Co. (NYSE:FTV)

O Shaughnessy Asset Management LLC grew its position in shares of Fortive Co. (NYSE:FTV) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,717 shares of the technology company’s stock after buying an additional 1,663 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Fortive were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Fortive during the fourth quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in 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 purchasing an additional 297 shares during the period. Crews Bank & Trust bought a new stake in shares of Fortive in the 4th quarter valued at $37,000. Albion Financial Group UT bought a new stake in shares of Fortive in the fourth quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA increased its stake in 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 purchasing an additional 175 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FTV. Royal Bank of Canada lifted their price target on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays cut their price objective on Fortive from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Truist Financial lifted their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.18.

Insider Activity

In other news, SVP Stacey A. Walker sold 3,002 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the transaction, the senior vice president now directly owns 42,373 shares of the company’s stock, valued at $3,349,585.65. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the 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 $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,385 shares of company stock valued at $19,508,529. Insiders own 1.01% of the company’s stock.

Fortive Stock Down 5.4 %

Shares of FTV opened at $64.00 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. Fortive Co. has a one year low of $63.26 and a one year high of $84.96. The company has a market cap of $21.78 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.16. The firm has a 50 day simple moving average of $77.39 and a two-hundred day simple moving average of $76.87.

Fortive (NYSE:FTV) last released its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (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 business posted $0.98 earnings per share. Research analysts forecast that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

About Fortive

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.