O Brien Greene & Co. Inc Has $5.66 Million Holdings in Fortive Co. (NYSE:FTV)

O Brien Greene & Co. Inc raised its stake in Fortive Co. (NYSE:FTV) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,829 shares of the technology company’s stock after acquiring an additional 483 shares during the quarter. Fortive comprises approximately 2.0% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 24th biggest holding. O Brien Greene & Co. Inc’s holdings in Fortive were worth $5,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTV. CWM LLC boosted its stake in Fortive by 7.7% during the 3rd quarter. CWM LLC now owns 5,857 shares of the technology company’s stock worth $434,000 after acquiring an additional 417 shares during the last quarter. AE Wealth Management LLC lifted its stake in Fortive by 723.0% in the third quarter. AE Wealth Management LLC now owns 23,266 shares of the technology company’s stock valued at $1,725,000 after buying an additional 20,439 shares in the last quarter. Caprock Group LLC lifted its stake in Fortive by 5.2% in the third quarter. Caprock Group LLC now owns 6,499 shares of the technology company’s stock valued at $482,000 after buying an additional 324 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in Fortive by 22.5% in the third quarter. Coronation Fund Managers Ltd. now owns 29,395 shares of the technology company’s stock valued at $2,180,000 after buying an additional 5,390 shares in the last quarter. Finally, Advisory Alpha LLC bought a new position in Fortive in the third quarter valued at approximately $267,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, CAO Christopher M. Mulhall sold 8,994 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $82.17, for a total transaction of $739,036.98. Following the transaction, the chief accounting officer now directly owns 20,564 shares in the company, valued at $1,689,743.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other Fortive news, CAO Christopher M. Mulhall sold 8,994 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $82.17, for a total value of $739,036.98. Following the transaction, the chief accounting officer now directly owns 20,564 shares in the company, valued at $1,689,743.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 9,106 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $86.50, for a total transaction of $787,669.00. Following the completion of the transaction, the senior vice president now owns 36,558 shares in the company, valued at $3,162,267. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,937 shares of company stock worth $5,475,122. Insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FTV shares. JPMorgan Chase & Co. lowered shares of Fortive from an “overweight” rating to a “neutral” rating and cut their price target for the company from $95.00 to $90.00 in a research note on Wednesday, April 17th. Truist Financial started coverage on shares of Fortive in a research note on Thursday, March 14th. They issued a “buy” rating and a $99.00 price target on the stock. Royal Bank of Canada cut their price target on shares of Fortive from $93.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Thursday. Citigroup cut their price target on shares of Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays lifted their price target on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Fortive has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Fortive Price Performance

Shares of FTV opened at $75.97 on Friday. The company has a market cap of $26.74 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 2.31 and a beta of 1.13. Fortive Co. has a 1-year low of $62.77 and a 1-year high of $87.10. The company’s fifty day simple moving average is $83.83 and its 200 day simple moving average is $76.13. The company has a current ratio of 1.50, a quick ratio of 1.75 and a debt-to-equity ratio of 0.38.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Fortive had a net margin of 14.68% and a return on equity of 12.22%. On average, research analysts forecast that Fortive Co. will post 3.8 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. Fortive’s payout ratio is 12.65%.

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.