Dynasty Wealth Management LLC Buys 142 Shares of Fortive Co. (NYSE:FTV)

Dynasty Wealth Management LLC raised its stake in Fortive Co. (NYSE:FTV) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,436 shares of the technology company’s stock after acquiring an additional 142 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Fortive were worth $1,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FTV. Capital Performance Advisors LLP bought a new stake in shares of Fortive in the third quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new stake in Fortive in the 4th quarter worth about $31,000. Versant Capital Management Inc boosted its holdings in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares during the period. Crews Bank & Trust acquired a new position in shares of Fortive during the 4th quarter worth approximately $37,000. Finally, Albion Financial Group UT bought a new position in shares of Fortive during the fourth quarter worth approximately $38,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FTV shares. Citigroup cut Fortive from a “buy” rating to a “neutral” rating and cut their price target for the company from $92.00 to $86.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price target on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Truist Financial boosted their price target on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Barclays reduced their price objective on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.64.

Fortive Trading Up 0.2 %

Shares of Fortive stock opened at $79.73 on Friday. The firm’s 50 day moving average is $78.70 and its 200 day moving average is $76.48. The firm has a market capitalization of $27.66 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

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

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. 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 is presently 13.56%.

Insider Activity

In other news, CAO Christopher M. Mulhall sold 6,493 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the transaction, the chief accounting officer now owns 24,283 shares of the company’s stock, valued at approximately $1,941,425.85. This trade represents a 21.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the sale, the senior vice president now directly owns 47,141 shares in the company, valued at approximately $3,795,793.32. This represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,298 shares of company stock valued at $16,740,998. 1.01% of the stock is currently owned by corporate insiders.

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.