UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $271.85 Million Stock Holdings in Fortive Co. (NYSE:FTV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fortive Co. (NYSE:FTV) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,444,205 shares of the technology company’s stock after acquiring an additional 103,530 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.99% of Fortive worth $271,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Fortive during the third quarter worth approximately $25,000. Ridgewood Investments LLC purchased a new position in shares of Fortive during the 2nd quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in shares of Fortive in the second quarter worth $30,000. Goodman Advisory Group LLC purchased a new stake in shares of Fortive during the second quarter worth $31,000. Finally, Advisors Asset Management Inc. acquired a new stake in Fortive during the first quarter valued at $32,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Fortive from $82.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Royal Bank of Canada reduced their price target on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Finally, UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Fortive presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Insider Buying and Selling

In other Fortive news, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 42,651 shares in the company, valued at approximately $3,058,503.21. This represents a 80.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,895 shares of company stock valued at $14,261,051 over the last ninety days. 1.01% of the stock is owned by company insiders.

Fortive Price Performance

Shares of Fortive stock opened at $79.33 on Friday. 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 company has a market cap of $27.52 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13. The firm has a fifty day moving average price of $76.23 and a two-hundred day moving average price of $74.26. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Analysts expect that Fortive Co. will post 3.85 EPS for the current year.

Fortive Announces Dividend

The company also recently announced 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 is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Fortive’s payout ratio is 12.75%.

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.