Victory Capital Management Inc. Has $11.88 Million Position in Fortive Co. (NYSE:FTV)

Victory Capital Management Inc. grew its holdings in shares of Fortive Co. (NYSE:FTV) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,553 shares of the technology company’s stock after acquiring an additional 2,156 shares during the period. Victory Capital Management Inc.’s holdings in Fortive were worth $11,883,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FTV. Capital Performance Advisors LLP bought a new position in shares of Fortive during the 3rd quarter worth about $25,000. Ridgewood Investments LLC bought a new position in shares of Fortive during the 2nd quarter worth about $30,000. International Assets Investment Management LLC bought a new position in shares of Fortive during the 2nd quarter worth about $30,000. Goodman Advisory Group LLC bought a new position in shares of Fortive during the 2nd quarter worth about $31,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Fortive during the 1st quarter worth about $32,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Trading Up 1.7 %

NYSE:FTV opened at $75.75 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The firm has a 50-day moving average price of $75.69 and a two-hundred day moving average price of $74.15.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $0.85 EPS. Fortive’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Fortive Co. will post 3.85 earnings per share for the current fiscal year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. Fortive’s dividend payout ratio is 12.75%.

Insider Activity at Fortive

In related news, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the transaction, the senior vice president now directly owns 42,651 shares in the company, valued at approximately $3,058,503.21. The trade was a 80.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the completion of the transaction, the senior vice president now directly owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. The trade was a 17.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,895 shares of company stock worth $14,261,051. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FTV. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Argus reaffirmed a “hold” rating on shares of Fortive in a research report on Monday. Wells Fargo & Company dropped their price target on shares of Fortive from $82.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Fortive from a “neutral” rating to an “overweight” rating and raised their price target for the company from $90.00 to $92.00 in a research report on Thursday, October 10th. Finally, Wolfe Research cut shares of Fortive from an “outperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

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.