SG Americas Securities LLC Sells 91,142 Shares of Fortive Co. (NYSE:FTV)

SG Americas Securities LLC lowered its position in shares of Fortive Co. (NYSE:FTV) by 57.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,893 shares of the technology company’s stock after selling 91,142 shares during the period. SG Americas Securities LLC’s holdings in Fortive were worth $5,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Czech National Bank increased its stake in shares of Fortive by 6.4% during the third quarter. Czech National Bank now owns 71,368 shares of the technology company’s stock worth $5,633,000 after purchasing an additional 4,286 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Fortive by 3.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 33,892 shares of the technology company’s stock worth $2,675,000 after acquiring an additional 1,070 shares during the period. Sanctuary Advisors LLC bought a new position in Fortive during the 2nd quarter worth $985,000. New Century Financial Group LLC increased its stake in Fortive by 36.2% during the 2nd quarter. New Century Financial Group LLC now owns 3,694 shares of the technology company’s stock worth $274,000 after acquiring an additional 982 shares during the period. Finally, Cetera Investment Advisers increased its stake in Fortive by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 56,497 shares of the technology company’s stock worth $4,187,000 after acquiring an additional 3,951 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Fortive

In other news, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.80, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.80, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 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 approximately $5,433,135.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FTV shares. Barclays raised their price objective on Fortive from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley initiated coverage on Fortive in a report on Friday, September 6th. They issued an “overweight” rating and a $89.00 target price on the stock. Mizuho raised Fortive from a “neutral” rating to an “outperform” rating and raised their target price for the company from $80.00 to $90.00 in a report on Friday, September 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $77.00 target price on shares of Fortive in a report on Friday, September 6th. Finally, StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortive has a consensus rating of “Moderate Buy” and a consensus target price of $86.17.

Fortive Trading Up 0.2 %

NYSE FTV opened at $76.91 on Friday. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. Fortive Co. has a twelve month low of $63.05 and a twelve month high of $87.10. The business’s fifty day moving average is $72.92 and its 200 day moving average is $75.63. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Fortive had a return on equity of 12.32% and a net margin of 14.39%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, sell-side analysts expect that Fortive Co. will post 3.82 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, September 13th. Fortive’s payout ratio is presently 12.65%.

About Fortive

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.