First Horizon Advisors Inc. Has $338,000 Stock Holdings in Fortive Co. (NYSE:FTV)

First Horizon Advisors Inc. decreased its stake in Fortive Co. (NYSE:FTV) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,510 shares of the technology company’s stock after selling 464 shares during the quarter. First Horizon Advisors Inc.’s holdings in Fortive were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Hawaiian Bank boosted its position in Fortive by 197.0% during the fourth quarter. First Hawaiian Bank now owns 15,264 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 10,125 shares during the last quarter. Principal Financial Group Inc. increased its position in Fortive by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 406,085 shares of the technology company’s stock worth $32,052,000 after purchasing an additional 10,795 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fortive by 26.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,502 shares of the technology company’s stock worth $2,832,000 after purchasing an additional 7,829 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Fortive in the 3rd quarter valued at approximately $1,346,000. Finally, Nordea Investment Management AB grew its stake in shares of Fortive by 23.9% in the 4th quarter. Nordea Investment Management AB now owns 1,574,289 shares of the technology company’s stock valued at $118,292,000 after buying an additional 303,788 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Trading Down 0.6 %

Fortive stock opened at $79.62 on Wednesday. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The firm has a market capitalization of $27.62 billion, a PE ratio of 33.74, a PEG ratio of 2.68 and a beta of 1.15. The business’s 50-day simple moving average is $78.34 and its 200-day simple moving average is $76.35.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same period in the prior year, the company posted $0.98 EPS. Equities research analysts forecast that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s payout ratio is currently 13.56%.

Analysts Set New Price Targets

FTV has been the topic of several recent research reports. Argus reaffirmed a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Wells Fargo & Company raised their price target on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Barclays cut their target price on Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Fortive has an average rating of “Moderate Buy” and a consensus target price of $87.64.

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.