Fortive Co. (NYSE:FTV) Shares Sold by Entropy Technologies LP

Entropy Technologies LP trimmed its holdings in Fortive Co. (NYSE:FTV) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,510 shares of the technology company’s stock after selling 19,996 shares during the quarter. Entropy Technologies LP’s holdings in Fortive were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of FTV. Sanctuary Advisors LLC acquired a new stake in Fortive in the 2nd quarter valued at about $985,000. GAMMA Investing LLC lifted its holdings in Fortive by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,683 shares of the technology company’s stock valued at $133,000 after acquiring an additional 663 shares during the last quarter. Mather Group LLC. lifted its holdings in Fortive by 50.3% in the 3rd quarter. Mather Group LLC. now owns 926 shares of the technology company’s stock valued at $73,000 after acquiring an additional 310 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Fortive by 4.8% during the third quarter. Atomi Financial Group Inc. now owns 4,932 shares of the technology company’s stock valued at $389,000 after buying an additional 226 shares in the last quarter. Finally, CWM LLC lifted its stake in Fortive by 5.3% during the third quarter. CWM LLC now owns 10,031 shares of the technology company’s stock valued at $792,000 after buying an additional 508 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.01% of the company’s stock.

Fortive Trading Down 0.9 %

NYSE:FTV opened at $79.12 on Friday. The stock’s 50 day moving average price is $77.65 and its 200 day moving average price is $75.37. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a market capitalization of $27.45 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, research analysts forecast that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a yield of 0.40%. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

Wall Street Analyst Weigh In

FTV has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. UBS Group initiated coverage on shares of Fortive in a research note on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Argus reiterated a “hold” rating on shares of Fortive in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

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.