12,666 Shares in Fortive Co. (NYSE:FTV) Purchased by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new position in Fortive Co. (NYSE:FTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,666 shares of the technology company’s stock, valued at approximately $950,000.

Several other institutional investors also recently added to or reduced their stakes in FTV. Atria Investments Inc increased its stake in Fortive by 1.6% in the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock worth $836,000 after buying an additional 163 shares during the period. Victory Capital Management Inc. increased its stake in Fortive by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 150,553 shares of the technology company’s stock worth $11,883,000 after buying an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Fortive in the 3rd quarter worth about $426,000. CIBC Asset Management Inc grew its holdings in Fortive by 7.8% during the 3rd quarter. CIBC Asset Management Inc now owns 51,118 shares of the technology company’s stock worth $4,035,000 after acquiring an additional 3,713 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Fortive by 3.3% during the 3rd quarter. Empowered Funds LLC now owns 5,410 shares of the technology company’s stock worth $427,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Stock Down 0.5 %

FTV stock opened at $74.35 on Wednesday. The firm has a 50 day moving average of $78.73 and a 200 day moving average of $76.86. The stock has a market capitalization of $25.30 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10.

Fortive (NYSE:FTV) last released its earnings results on Friday, February 7th. The technology company reported $1.17 EPS 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 period in the previous year, the firm posted $0.98 earnings per share. Sell-side 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

Insider Buying and Selling

In other Fortive news, SVP Stacey A. Walker sold 5,688 shares of Fortive stock in a transaction that occurred on Wednesday, February 26th. The shares were 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. The trade was a 10.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the sale, the chief financial officer now owns 76,126 shares of the company’s stock, valued at approximately $6,003,296.36. The trade was a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock worth $19,508,529 in the last three months. Corporate insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTV. StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Truist Financial increased their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada increased their target price 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.64.

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.