Xponance Inc. Has $3.42 Million Stock Holdings in Fortive Co. (NYSE:FTV)

Xponance Inc. grew its stake in shares of Fortive Co. (NYSE:FTV) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,403 shares of the technology company’s stock after purchasing an additional 1,733 shares during the quarter. Xponance Inc.’s holdings in Fortive were worth $3,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new position in Fortive during the first quarter worth $66,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Fortive by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,124,090 shares of the technology company’s stock worth $129,421,000 after purchasing an additional 127,093 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Fortive by 123.0% in the 1st quarter. Panagora Asset Management Inc. now owns 19,004 shares of the technology company’s stock valued at $1,158,000 after purchasing an additional 10,481 shares during the period. Cibc World Market Inc. lifted its stake in Fortive by 11.7% in the 1st quarter. Cibc World Market Inc. now owns 21,144 shares of the technology company’s stock valued at $1,288,000 after purchasing an additional 2,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Fortive by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,693,658 shares of the technology company’s stock worth $103,217,000 after purchasing an additional 84,238 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their price objective on Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Mizuho lifted their target price on shares of Fortive from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price objective on Fortive from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Thursday, February 1st. Finally, Citigroup boosted their price target on Fortive from $90.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.54.

Fortive Stock Performance

Shares of Fortive stock opened at $79.49 on Monday. The company’s 50 day moving average price is $84.41 and its two-hundred day moving average price is $76.05. The firm has a market capitalization of $27.93 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.43 and a beta of 1.13. Fortive Co. has a fifty-two week low of $62.70 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 1.75.

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

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.08 per share. 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 is presently 13.11%.

Insider Buying and Selling at Fortive

In other news, CAO Christopher M. Mulhall sold 8,994 shares of Fortive 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 owns 20,564 shares in the company, valued at $1,689,743.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Christopher M. Mulhall sold 8,994 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $82.17, for a total transaction of $739,036.98. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tamara S. Newcombe sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the chief executive officer now owns 55,017 shares in the company, valued at $4,676,445. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,937 shares of company stock worth $5,475,122. 0.95% 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.