Fortive Co. (NYSE:FTV) Position Reduced by Blair William & Co. IL

Blair William & Co. IL decreased its stake in shares of Fortive Co. (NYSE:FTV) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,979 shares of the technology company’s stock after selling 34,282 shares during the period. Blair William & Co. IL owned about 0.09% of Fortive worth $24,298,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Wedmont Private Capital grew its position in shares of Fortive by 4.3% in the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after acquiring an additional 137 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in shares of Fortive by 1.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 142 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Fortive by 13.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company’s stock valued at $105,000 after buying an additional 165 shares during the period. Webster Bank N. A. grew its position in shares of Fortive by 6.6% during the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company’s stock valued at $202,000 after buying an additional 168 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Fortive by 1.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 13,628 shares of the technology company’s stock worth $1,022,000 after acquiring an additional 168 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Trading Down 0.7 %

Shares of NYSE:FTV opened at $74.66 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 $25.41 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.68 and a beta of 1.16. Fortive Co. has a 1-year low of $66.15 and a 1-year high of $86.21. The company has a 50 day moving average price of $78.48 and a 200 day moving average price of $76.93.

Fortive (NYSE:FTV) last issued its earnings results 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 in the previous year, the business posted $0.98 EPS. On average, research analysts anticipate that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

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

Insider Activity

In other news, CEO James A. Lico sold 196,117 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $80.38, for a total value of $15,763,884.46. Following the completion of the sale, the chief executive officer now owns 528,851 shares of the company’s stock, valued at $42,509,043.38. This trade represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stacey A. Walker sold 5,688 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total value of $457,997.76. Following the transaction, the senior vice president now directly owns 47,141 shares in the company, valued at $3,795,793.32. The trade was a 10.77 % 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 worth $19,508,529 over the last 90 days. 1.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FTV has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their price target on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Truist Financial boosted 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. Finally, Royal Bank of Canada raised their price target on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Fortive 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.