Fortive Co. (NYSE:FTV) Stock Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC raised its position in Fortive Co. (NYSE:FTV) by 105.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,225 shares of the technology company’s stock after purchasing an additional 25,274 shares during the quarter. Cerity Partners LLC’s holdings in Fortive were worth $3,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its position in shares of Fortive by 5.1% in the third quarter. Ronald Blue Trust Inc. now owns 2,865 shares of the technology company’s stock worth $214,000 after buying an additional 138 shares during the last quarter. RFG Advisory LLC lifted its position in shares of Fortive by 2.4% in the third quarter. RFG Advisory LLC now owns 6,618 shares of the technology company’s stock worth $491,000 after buying an additional 153 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Fortive by 5.3% in the third quarter. Brighton Jones LLC now owns 3,191 shares of the technology company’s stock worth $237,000 after buying an additional 160 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Fortive by 4.9% in the third quarter. TCI Wealth Advisors Inc. now owns 3,505 shares of the technology company’s stock worth $260,000 after buying an additional 165 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Fortive by 17.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,120 shares of the technology company’s stock worth $80,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FTV shares. Citigroup boosted their price target on Fortive from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price target on Fortive from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. Wells Fargo & Company boosted their price objective on Fortive from $79.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Vertical Research cut Fortive from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Truist Financial started coverage on Fortive in a research report on Thursday, March 14th. They set a “buy” rating and a $99.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.54.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 9,106 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 36,558 shares in the company, valued at approximately $3,162,267. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Stacey A. Walker sold 9,106 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 36,558 shares in the company, valued at approximately $3,162,267. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher M. Mulhall sold 8,994 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 20,564 shares in the company, valued at $1,689,743.88. The disclosure for this sale can be found here. Insiders sold a total of 63,937 shares of company stock valued at $5,475,122 in the last quarter. Corporate insiders own 0.95% of the company’s stock.

Fortive Trading Down 1.0 %

Fortive stock opened at $80.20 on Thursday. The business has a 50 day moving average price of $84.52 and a two-hundred day moving average price of $75.95. The company has a quick ratio of 1.75, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.57 and a beta of 1.13. Fortive Co. has a 12 month low of $62.70 and a 12 month high of $87.10.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Fortive had a return on equity of 12.12% and a net margin of 14.27%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, equities analysts forecast that Fortive Co. will post 3.78 EPS for the current year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.32 annualized dividend and a yield of 0.40%. Fortive’s dividend payout ratio (DPR) is 13.11%.

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.