O Brien Greene & Co. Inc Increases Stake in Fortive Co. (NYSE:FTV)

O Brien Greene & Co. Inc increased its position in Fortive Co. (NYSE:FTV) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 76,829 shares of the technology company’s stock after acquiring an additional 483 shares during the quarter. Fortive comprises 2.0% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 24th largest holding. O Brien Greene & Co. Inc’s holdings in Fortive were worth $5,657,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Fortive during the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC bought a new stake in shares of Fortive during the 3rd quarter valued at about $28,000. Cetera Trust Company N.A bought a new stake in shares of Fortive during the 4th quarter valued at about $28,000. First Command Advisory Services Inc. bought a new stake in shares of Fortive during the 3rd quarter valued at about $30,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Fortive during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on FTV shares. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $90.00 in a research report on Wednesday, April 17th. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Barclays boosted their target price on Fortive from $89.00 to $97.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup dropped their target price on Fortive from $101.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Mizuho boosted their target price on Fortive from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Fortive has an average rating of “Moderate Buy” and an average target price of $86.46.

Insider Activity

In other news, SVP Stacey A. Walker sold 9,106 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total transaction of $787,669.00. Following the transaction, the senior vice president now directly owns 36,558 shares of the company’s stock, valued at $3,162,267. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Charles E. Mclaughlin sold 40,837 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $86.28, for a total value of $3,523,416.36. Following the sale, the chief financial officer now directly owns 61,855 shares of the company’s stock, valued at $5,336,849.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 9,106 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total value of $787,669.00. Following the completion of the sale, the senior vice president now directly owns 36,558 shares in the company, valued at $3,162,267. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,937 shares of company stock valued at $5,475,122. Company insiders own 0.95% of the company’s stock.

Fortive Stock Performance

Shares of FTV stock opened at $75.97 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.75 and a current ratio of 1.50. Fortive Co. has a fifty-two week low of $62.77 and a fifty-two week high of $87.10. The stock has a 50 day moving average price of $83.83 and a two-hundred day moving average price of $76.13. The company has a market capitalization of $26.74 billion, a P/E ratio of 30.03, a PEG ratio of 2.31 and a beta of 1.13.

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

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.32 annualized dividend and a yield of 0.42%. Fortive’s payout ratio is currently 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.