Fortive Co. (NYSE:FTV) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in shares of Fortive Co. (NYSE:FTV) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 89,986 shares of the technology company’s stock after selling 12,146 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Fortive were worth $6,749,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ING Groep NV lifted its stake in Fortive by 34.2% in the 4th quarter. ING Groep NV now owns 178,313 shares of the technology company’s stock worth $13,373,000 after purchasing an additional 45,458 shares in the last quarter. Flossbach Von Storch SE increased its holdings in shares of Fortive by 1.2% in the fourth quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company’s stock valued at $892,743,000 after purchasing an additional 137,479 shares during the last quarter. Global Retirement Partners LLC lifted its position in Fortive by 36.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,778 shares of the technology company’s stock worth $208,000 after buying an additional 742 shares in the last quarter. Schubert & Co acquired a new position in Fortive during the fourth quarter worth $1,362,000. Finally, CIBC Asset Management Inc grew its holdings in Fortive by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 53,551 shares of the technology company’s stock valued at $4,016,000 after buying an additional 2,433 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FTV shares. UBS Group assumed coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target on the stock. Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Barclays dropped their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company increased their price objective on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortive has a consensus rating of “Moderate Buy” and an average price target of $87.64.

Fortive Trading Down 2.2 %

FTV opened at $80.03 on Friday. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $78.20 and a 200-day simple moving average of $76.07. The firm has a market cap of $27.77 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 1.15.

Fortive (NYSE:FTV) last announced its earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating 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 quarter in the previous year, the business posted $0.98 earnings per share. On average, equities analysts expect that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is currently 13.56%.

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.