Fortive Co. (NYSE:FTV) Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its position in shares of Fortive Co. (NYSE:FTV) by 24.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 90,791 shares of the technology company’s stock after purchasing an additional 18,119 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fortive were worth $7,165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTV. Capital Performance Advisors LLP acquired a new stake in shares of Fortive in the third quarter valued at about $25,000. Ridgewood Investments LLC purchased a new position in Fortive in the 2nd quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Fortive during the second quarter valued at about $30,000. Goodman Advisory Group LLC acquired a new position in shares of Fortive in the second quarter worth about $31,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Fortive during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on FTV shares. Wolfe Research lowered shares of Fortive from an “outperform” rating to a “peer perform” rating 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 for the company in a report on Thursday, September 5th. Royal Bank of Canada decreased their price target on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Barclays cut their target price on shares of Fortive from $98.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group assumed coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fortive presently has an average rating of “Moderate Buy” and an average price target of $87.82.

Fortive Price Performance

Shares of NYSE FTV opened at $74.61 on Tuesday. 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 50-day moving average of $75.58 and a two-hundred day moving average of $74.15. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.05 and a beta of 1.13.

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

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s payout ratio is presently 12.75%.

Insiders Place Their Bets

In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the sale, the chief financial officer now directly owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the sale, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,895 shares of company stock worth $14,261,051 over the last ninety days. 1.01% of the stock is currently owned by company insiders.

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.