FSM Wealth Advisors LLC Invests $201,000 in Fortive Co. (NYSE:FTV)

FSM Wealth Advisors LLC bought a new stake in Fortive Co. (NYSE:FTV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,548 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors also recently added to or reduced their stakes in the company. Lipe & Dalton increased its holdings in shares of Fortive by 1.9% in the first quarter. Lipe & Dalton now owns 7,096 shares of the technology company’s stock valued at $610,000 after purchasing an additional 130 shares during the period. Private Advisor Group LLC increased its holdings in shares of Fortive by 3.6% in the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock valued at $308,000 after purchasing an additional 135 shares during the period. RDA Financial Network increased its holdings in shares of Fortive by 3.4% in the second quarter. RDA Financial Network now owns 4,191 shares of the technology company’s stock valued at $311,000 after purchasing an additional 138 shares during the period. Pitcairn Co. increased its holdings in shares of Fortive by 1.3% in the first quarter. Pitcairn Co. now owns 11,170 shares of the technology company’s stock valued at $961,000 after purchasing an additional 139 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Fortive by 0.8% in the second quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.03, for a total value of $508,141.92. Following the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at $5,433,135.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Jonathan L. Schwarz sold 14,223 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the transaction, the senior vice president now directly owns 68,161 shares in the company, valued at approximately $5,030,281.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.03, for a total value of $508,141.92. Following the transaction, the chief financial officer now owns 73,391 shares in the company, valued at $5,433,135.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,895 shares of company stock worth $13,878,151 over the last three months. 1.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTV has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Fortive from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $90.00 to $92.00 in a report on Thursday, October 10th. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Mizuho raised Fortive from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $90.00 in a report on Friday, September 6th. Barclays dropped their price objective on Fortive from $98.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Morgan Stanley initiated coverage on Fortive in a report on Friday, September 6th. They set an “overweight” rating and a $89.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortive presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.20.

Fortive Stock Up 0.3 %

Fortive stock opened at $71.39 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The firm has a market capitalization of $24.77 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. Fortive Co. has a fifty-two week low of $64.69 and a fifty-two week high of $87.10. The stock’s fifty day moving average is $75.17 and its two-hundred day moving average is $74.27.

Fortive (NYSE:FTV) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. Fortive’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Analysts predict that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.45%. Fortive’s dividend payout ratio is currently 12.75%.

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.