Fortive Co. (NYSE:FTV) Stock Holdings Decreased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Fortive Co. (NYSE:FTV) by 36.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,610 shares of the technology company’s stock after selling 9,645 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fortive were worth $1,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $31,000. Versant Capital Management Inc lifted its stake in Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after purchasing an additional 297 shares during the last quarter. Crews Bank & Trust acquired a new position in Fortive in the fourth quarter worth $37,000. Albion Financial Group UT acquired a new position in Fortive in the fourth quarter worth $38,000. Finally, Dakota Community Bank & Trust NA increased its stake in Fortive by 28.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock valued at $59,000 after purchasing an additional 175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FTV shares. BNP Paribas lowered shares of Fortive from an “outperform” rating to a “neutral” rating and set a $67.00 price target for the company. in a report on Wednesday, April 9th. StockNews.com lowered Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada raised their price target on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Fortive from $90.00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Barclays cut their target price on Fortive from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Fortive has an average rating of “Hold” and a consensus price target of $81.92.

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 stock was sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the sale, the chief accounting officer now directly owns 24,283 shares of the company’s stock, valued at $1,941,425.85. This trade represents a 21.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Stacey A. Walker sold 5,688 shares of Fortive stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total value of $457,997.76. Following the completion of the transaction, the senior vice president now owns 47,141 shares in the company, valued at $3,795,793.32. The trade was a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,385 shares of company stock worth $19,508,529. Corporate insiders own 1.01% of the company’s stock.

Fortive Trading Up 3.2 %

Shares of NYSE:FTV opened at $66.04 on Wednesday. The company has a 50 day moving average of $73.13 and a 200-day moving average of $75.68. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm has a market cap of $22.47 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.68 and a beta of 1.12. Fortive Co. has a twelve month low of $60.39 and a twelve month high of $83.32.

Fortive (NYSE:FTV) last released 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 return on equity of 13.15% and a net margin of 13.36%. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, May 30th. Fortive’s payout ratio is 13.56%.

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.