3,454 Shares in Fortive Co. (NYSE:FTV) Bought by Visionary Horizons LLC

Visionary Horizons LLC acquired a new stake in Fortive Co. (NYSE:FTV) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,454 shares of the technology company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTV. Janus Henderson Group PLC boosted its holdings in shares of Fortive by 47.1% during the 1st quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock valued at $537,119,000 after acquiring an additional 1,999,792 shares in the last quarter. Boston Partners boosted its stake in shares of Fortive by 19.3% during the first quarter. Boston Partners now owns 6,463,772 shares of the technology company’s stock valued at $554,253,000 after purchasing an additional 1,045,245 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Fortive by 78.0% during the second quarter. The Manufacturers Life Insurance Company now owns 853,187 shares of the technology company’s stock worth $63,221,000 after purchasing an additional 373,957 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Fortive by 70.1% in the first quarter. Nordea Investment Management AB now owns 896,550 shares of the technology company’s stock valued at $77,058,000 after buying an additional 369,351 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in Fortive by 1,053.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 382,707 shares of the technology company’s stock valued at $28,359,000 after buying an additional 349,530 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of recent research reports. Mizuho upgraded shares of Fortive from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $80.00 to $90.00 in a report on Friday, September 6th. Raymond James upgraded Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upgraded Fortive from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $90.00 to $92.00 in a research report on Thursday, October 10th. TD Cowen upgraded Fortive from a “hold” rating to a “buy” rating and upped their target price for the company from $75.00 to $90.00 in a report on Monday, July 8th. Finally, Wells Fargo & Company lowered their price target on shares of Fortive from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Fortive has an average rating of “Moderate Buy” and an average target price of $88.20.

Insider Activity

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the business’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 transaction, the chief financial officer now owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of Fortive stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the sale, the chief financial officer now owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total value of $1,049,657.40. Following the completion of the transaction, the senior vice president now owns 68,161 shares in the company, valued at approximately $5,030,281.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Fortive Stock Down 0.1 %

FTV stock opened at $71.34 on Friday. The firm has a market capitalization of $24.99 billion, a PE ratio of 28.42, a P/E/G ratio of 2.09 and a beta of 1.12. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. Fortive Co. has a twelve month low of $64.69 and a twelve month high of $87.10. The stock’s 50 day moving average is $75.27 and its 200-day moving average is $74.48.

Fortive (NYSE:FTV) last issued its quarterly earnings data 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. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

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

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.