Fortive Co. (NYSE:FTV) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of Fortive Co. (NYSE:FTV) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,323 shares of the technology company’s stock after selling 10,195 shares during the period. Corient Private Wealth LLC’s holdings in Fortive were worth $7,674,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Fortive during the 4th quarter valued at approximately $31,000. Versant Capital Management Inc grew 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 worth $34,000 after buying an additional 297 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Fortive in the fourth quarter worth $37,000. Albion Financial Group UT acquired a new stake in Fortive in the fourth quarter valued at $38,000. Finally, Dakota Community Bank & Trust NA grew its holdings 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 acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Trading Down 0.8 %

Fortive stock opened at $74.66 on Friday. The firm has a 50-day moving average price of $78.66 and a two-hundred day moving average price of $76.83. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.68 and a beta of 1.16. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last issued 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 return on equity of 13.15% and a net margin of 13.36%. During the same period last year, the business posted $0.98 earnings per share. Sell-side analysts expect that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Fortive’s payout ratio is currently 13.56%.

Insider Activity at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 76,126 shares of the company’s stock, valued at approximately $6,003,296.36. This trade represents a 29.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stacey A. Walker sold 3,002 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the sale, the senior vice president now directly owns 42,373 shares in the company, valued at $3,349,585.65. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock worth $19,508,529 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Citigroup cut Fortive from a “buy” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $86.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. 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 report on Monday, February 10th. Finally, StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fortive presently has a consensus rating of “Moderate Buy” and a consensus 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.