Savant Capital LLC Sells 283 Shares of Fortive Co. (NYSE:FTV)

Savant Capital LLC reduced its holdings in shares of Fortive Co. (NYSE:FTV) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,924 shares of the technology company’s stock after selling 283 shares during the period. Savant Capital LLC’s holdings in Fortive were worth $1,419,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in shares of Fortive by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock valued at $308,000 after purchasing an additional 135 shares in the last quarter. Wedmont Private Capital boosted its position in Fortive by 4.3% during the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock valued at $252,000 after buying an additional 137 shares during the period. Patton Albertson Miller Group LLC grew its stake in shares of Fortive by 1.7% during the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock valued at $699,000 after buying an additional 150 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of Fortive by 3.4% in the third quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock worth $362,000 after buying an additional 152 shares during the period. Finally, Atria Investments Inc lifted its stake in shares of Fortive by 1.6% in the 3rd quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock valued at $836,000 after acquiring an additional 163 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. UBS Group initiated coverage on shares of Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 target price on the stock. Barclays lowered their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.64.

Fortive Stock Performance

Fortive stock opened at $81.68 on Friday. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The stock’s 50 day simple moving average is $77.74 and its two-hundred day simple moving average is $75.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The stock has a market cap of $28.34 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 2.14 and a beta of 1.15.

Fortive (NYSE:FTV) last released its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter last year, the firm earned $0.98 EPS. As a group, analysts expect that Fortive Co. will post 3.84 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, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

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.