Janus Henderson Group PLC Has $634.70 Million Holdings in Fortive Co. (NYSE:FTV)

Janus Henderson Group PLC raised its position in shares of Fortive Co. (NYSE:FTV) by 13.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,041,324 shares of the technology company’s stock after purchasing an additional 977,428 shares during the quarter. Janus Henderson Group PLC’s holdings in Fortive were worth $634,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Fortive during the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC acquired a new stake in shares of Fortive during the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new stake in shares of Fortive during the 2nd quarter worth approximately $30,000. Goodman Advisory Group LLC acquired a new stake in shares of Fortive during the 2nd quarter worth approximately $31,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Fortive by 71.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company’s stock worth $33,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Fortive

In related news, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.21. This trade represents a 80.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,895 shares of company stock worth $14,261,051 in the last ninety days. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Raymond James upgraded Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a report on Thursday, September 5th. Wolfe Research cut Fortive from an “outperform” rating to a “peer perform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upgraded Fortive from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $92.00 in a report on Thursday, October 10th. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Truist Financial cut their target price on Fortive from $90.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortive presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Fortive Trading Down 0.5 %

NYSE FTV opened at $78.96 on Tuesday. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.18 and a beta of 1.14. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The business’s fifty day moving average is $76.23 and its 200-day moving average is $74.22.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts predict that Fortive Co. will post 3.85 EPS for the current year.

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, November 29th. Fortive’s payout ratio is 12.75%.

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.