Stifel Financial Corp Sells 4,193 Shares of Fortive Co. (NYSE:FTV)

Stifel Financial Corp reduced its stake in shares of Fortive Co. (NYSE:FTVFree Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,360 shares of the technology company’s stock after selling 4,193 shares during the period. Stifel Financial Corp’s holdings in Fortive were worth $7,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Trust Company N.A bought a new position in shares of Fortive during the fourth quarter worth about $28,000. Spire Wealth Management raised its holdings in Fortive by 69.3% during the 4th quarter. Spire Wealth Management now owns 508 shares of the technology company’s stock worth $37,000 after purchasing an additional 208 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Fortive by 1,162.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 543 shares of the technology company’s stock valued at $40,000 after purchasing an additional 500 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Fortive during the fourth quarter worth $51,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on FTV shares. 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 report on Thursday, April 25th. Truist Financial began coverage on Fortive in a research note on Thursday, March 14th. They issued a “buy” rating and a $99.00 price target on the stock. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Wells Fargo & Company dropped their target price on shares of Fortive from $92.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut shares of Fortive from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $90.00 in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.46.

Check Out Our Latest Analysis on Fortive

Fortive Price Performance

Shares of NYSE FTV opened at $72.75 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.50. The firm’s 50-day simple moving average is $78.05 and its 200 day simple moving average is $77.61. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.16 and a beta of 1.13. Fortive Co. has a fifty-two week low of $63.05 and a fifty-two week high of $87.10.

Fortive (NYSE:FTVGet Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Fortive had a return on equity of 12.22% and a net margin of 14.68%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. As a group, research analysts anticipate that Fortive Co. will post 3.8 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company 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 $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. Fortive’s payout ratio is 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.

Recommended Stories

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.