822 Shares in Fortive Co. (NYSE:FTV) Purchased by Mather Group LLC.

Mather Group LLC. acquired a new position in shares of Fortive Co. (NYSE:FTV) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 822 shares of the technology company’s stock, valued at approximately $71,000.

A number of other large investors have also recently bought and sold shares of FTV. Cetera Trust Company N.A acquired a new stake in Fortive during the fourth quarter worth about $28,000. Spire Wealth Management grew its stake in Fortive by 69.3% during the fourth quarter. Spire Wealth Management now owns 508 shares of the technology company’s stock worth $37,000 after buying an additional 208 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Fortive during the fourth quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Fortive by 1,162.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 543 shares of the technology company’s stock worth $40,000 after buying an additional 500 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in Fortive during the fourth quarter worth about $43,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of research analyst reports. Royal Bank of Canada reduced 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 note on Thursday, April 25th. Truist Financial initiated coverage on shares of Fortive in a research note on Thursday, March 14th. They issued a “buy” rating and a $99.00 price target on the stock. Barclays raised their price target on shares of 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 research note on Monday, May 13th. Finally, Citigroup reduced their price target on shares of Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.46.

Fortive Stock Up 0.9 %

Fortive stock opened at $73.60 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. Fortive Co. has a 52-week low of $63.05 and a 52-week high of $87.10. The firm has a 50 day moving average price of $75.89 and a two-hundred day moving average price of $78.03. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.14 and a beta of 1.13.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. Fortive had a net margin of 14.68% and a return on equity of 12.22%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. Equities analysts predict that Fortive Co. will post 3.8 EPS for the current year.

Fortive Dividend Announcement

The business also recently disclosed 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 is Friday, May 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. Fortive’s dividend payout ratio is currently 12.65%.

Fortive 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.