Fortive Co. (NYSE:FTV) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Fortive Co. (NYSE:FTVFree Report) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,950 shares of the technology company’s stock after buying an additional 260 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Fortive were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Fortive by 7.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 353,758 shares of the technology company’s stock valued at $25,131,000 after purchasing an additional 24,017 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Fortive by 7.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,894 shares of the technology company’s stock valued at $287,000 after buying an additional 268 shares in the last quarter. Ieq Capital LLC grew its holdings in Fortive by 5.7% during the fourth quarter. Ieq Capital LLC now owns 9,346 shares of the technology company’s stock worth $688,000 after acquiring an additional 506 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Fortive by 5.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,555 shares of the technology company’s stock worth $1,734,000 after acquiring an additional 1,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Fortive by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,393,874 shares of the technology company’s stock valued at $176,261,000 after acquiring an additional 271,020 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FTV has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company decreased their price target on Fortive from $92.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $90.00 in a research note on Wednesday, April 17th. Truist Financial initiated coverage on Fortive in a research report on Thursday, March 14th. They set a “buy” rating and a $99.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on Fortive from $93.00 to $83.00 and set a “sector perform” rating on the stock in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Fortive has an average rating of “Moderate Buy” and an average price target of $86.46.

Get Our Latest Report on Fortive

Fortive Price Performance

NYSE:FTV opened at $77.16 on Friday. Fortive Co. has a 12-month low of $63.05 and a 12-month high of $87.10. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company’s 50-day moving average is $81.32 and its two-hundred day moving average is $76.72. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Fortive (NYSE:FTVGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Fortive Co. will post 3.81 EPS for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. Fortive’s payout ratio is 12.65%.

Insider Buying and Selling

In other news, CFO Charles E. Mclaughlin sold 40,837 shares of Fortive stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $86.28, for a total value of $3,523,416.36. Following the transaction, the chief financial officer now directly owns 61,855 shares of the company’s stock, valued at approximately $5,336,849.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Stacey A. Walker sold 9,106 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total value of $787,669.00. Following the completion of the sale, the senior vice president now directly owns 36,558 shares in the company, valued at approximately $3,162,267. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Charles E. Mclaughlin sold 40,837 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.28, for a total value of $3,523,416.36. Following the completion of the transaction, the chief financial officer now directly owns 61,855 shares in the company, valued at $5,336,849.40. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Fortive Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Co. (NYSE:FTVFree Report).

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.