Private Advisor Group LLC Buys 135 Shares of Fortive Co. (NYSE:FTV)

Private Advisor Group LLC raised its stake in Fortive Co. (NYSE:FTV) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,899 shares of the technology company’s stock after buying an additional 135 shares during the period. Private Advisor Group LLC’s holdings in Fortive were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTV. Lipe & Dalton boosted its holdings in Fortive by 1.9% in the first quarter. Lipe & Dalton now owns 7,096 shares of the technology company’s stock valued at $610,000 after acquiring an additional 130 shares during the last quarter. RDA Financial Network boosted its stake in shares of Fortive by 3.4% in the 2nd quarter. RDA Financial Network now owns 4,191 shares of the technology company’s stock valued at $311,000 after purchasing an additional 138 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Fortive by 1.3% in the 1st quarter. Pitcairn Co. now owns 11,170 shares of the technology company’s stock valued at $961,000 after purchasing an additional 139 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Fortive by 0.8% during the second quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company’s stock worth $1,371,000 after buying an additional 146 shares during the period. Finally, Andina Capital Management LLC raised its position in shares of Fortive by 3.4% in the 2nd quarter. Andina Capital Management LLC now owns 4,433 shares of the technology company’s stock worth $328,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the transaction, the chief financial officer now directly owns 73,391 shares of the company’s stock, valued at $5,433,135.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Charles E. Mclaughlin sold 6,864 shares of Fortive stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.03, for a total transaction of $508,141.92. Following the completion of the sale, the chief financial officer now owns 73,391 shares in the company, valued at approximately $5,433,135.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the transaction, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at $3,058,503.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 192,895 shares of company stock valued at $13,878,151. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. raised Fortive from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $90.00 to $92.00 in a research report on Thursday, October 10th. Wolfe Research downgraded Fortive from an “outperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Mizuho upgraded Fortive from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $90.00 in a report on Friday, September 6th. Finally, Royal Bank of Canada lowered their price objective on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.20.

Fortive Stock Performance

NYSE FTV opened at $74.29 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The firm has a market cap of $25.77 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.96 and a beta of 1.13. Fortive Co. has a 1 year low of $64.69 and a 1 year high of $87.10. The company has a fifty day moving average price of $75.20 and a 200-day moving average price of $74.27.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. Fortive’s payout ratio is 12.75%.

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.