Eubel Brady & Suttman Asset Management Inc. Grows Stake in Fortive Co. (NYSE:FTV)

Eubel Brady & Suttman Asset Management Inc. grew its position in Fortive Co. (NYSE:FTVFree Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,699 shares of the technology company’s stock after purchasing an additional 3,423 shares during the quarter. Fortive comprises approximately 2.5% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned about 0.06% of Fortive worth $18,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Fortive during the fourth quarter worth $268,686,000. Brown Advisory Inc. lifted its stake in shares of Fortive by 13.1% during the fourth quarter. Brown Advisory Inc. now owns 7,577,474 shares of the technology company’s stock worth $557,929,000 after buying an additional 878,523 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Fortive by 15,382.4% during the fourth quarter. Panagora Asset Management Inc. now owns 634,778 shares of the technology company’s stock worth $46,739,000 after buying an additional 630,678 shares during the period. Jennison Associates LLC lifted its stake in shares of Fortive by 111.7% during the fourth quarter. Jennison Associates LLC now owns 1,176,655 shares of the technology company’s stock worth $86,637,000 after buying an additional 620,866 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in shares of Fortive by 4.8% during the fourth quarter. Flossbach Von Storch AG now owns 11,107,878 shares of the technology company’s stock worth $817,873,000 after buying an additional 512,414 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fortive

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FTV shares. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Barclays boosted their target price on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho boosted their target price on shares of Fortive from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Truist Financial began coverage on shares of Fortive in a research report on Thursday, March 14th. They set a “buy” rating and a $99.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Fortive from $92.00 to $84.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Read Our Latest Report on FTV

Fortive Price Performance

Shares of FTV stock traded up $0.31 on Monday, reaching $75.89. 1,189,900 shares of the company were exchanged, compared to its average volume of 1,652,281. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 2.22 and a beta of 1.15. The business has a 50-day moving average price of $80.43 and a 200 day moving average price of $77.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.50. Fortive Co. has a 1 year low of $63.05 and a 1 year high of $87.10.

Fortive (NYSE:FTVGet Free Report) last released its earnings results on Wednesday, April 24th. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Fortive had a net margin of 14.68% and a return on equity of 12.22%. Equities research analysts forecast that Fortive Co. will post 3.81 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid 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 dividend yield of 0.42%. Fortive’s dividend payout ratio is currently 12.65%.

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.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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