Fortive Co. (NYSE:FTV) Holdings Decreased by NORTHSTAR ASSET MANAGEMENT Co LLC

NORTHSTAR ASSET MANAGEMENT Co LLC reduced its position in shares of Fortive Co. (NYSE:FTV) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,206 shares of the technology company’s stock after selling 1,150 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Fortive were worth $1,515,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of Fortive by 3.6% during the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock worth $308,000 after purchasing an additional 135 shares during the period. Wedmont Private Capital raised its stake in Fortive by 4.3% during the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after acquiring an additional 137 shares during the period. Patton Albertson Miller Group LLC raised its stake in Fortive by 1.7% during the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock worth $699,000 after acquiring an additional 150 shares during the period. Andina Capital Management LLC lifted its holdings in Fortive by 3.4% in the third quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock worth $362,000 after acquiring an additional 152 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in Fortive by 1.6% in the third quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock valued at $836,000 after acquiring an additional 163 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Fortive Trading Down 0.9 %

Shares of NYSE:FTV opened at $79.12 on Monday. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The firm has a market cap of $27.45 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a 50 day moving average of $77.65 and a 200-day moving average of $75.36.

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 analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, analysts anticipate that Fortive Co. will post 3.84 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. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s payout ratio is currently 12.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FTV. Truist Financial increased their price target on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Barclays cut their target price on Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada cut their price objective on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Finally, Argus reissued a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.45.

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.