Headlands Technologies LLC Has $343,000 Holdings in Fortive Co. (NYSE:FTV)

Headlands Technologies LLC lifted its stake in Fortive Co. (NYSE:FTV) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,577 shares of the technology company’s stock after purchasing an additional 1,007 shares during the period. Headlands Technologies LLC’s holdings in Fortive were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Fortive during the 4th quarter worth approximately $412,445,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Fortive during the 4th quarter worth $136,794,000. JPMorgan Chase & Co. raised its position in shares of Fortive by 28.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,319 shares of the technology company’s stock valued at $127,149,000 after acquiring an additional 374,837 shares during the last quarter. Amundi lifted its stake in shares of Fortive by 22.4% in the 4th quarter. Amundi now owns 1,785,483 shares of the technology company’s stock valued at $137,036,000 after purchasing an additional 326,652 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Fortive by 23.9% in the 4th quarter. Nordea Investment Management AB now owns 1,574,289 shares of the technology company’s stock worth $118,292,000 after purchasing an additional 303,788 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Fortive

In other news, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the completion of the transaction, the chief financial officer now owns 76,126 shares of the company’s stock, valued at $6,003,296.36. This trade represents a 29.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stacey A. Walker sold 5,688 shares of the firm’s stock in a transaction dated 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 owns 47,141 shares of the company’s stock, valued at $3,795,793.32. This trade represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock worth $19,508,529 in the last three months. Insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FTV shares. JPMorgan Chase & Co. cut their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on shares of Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Wells Fargo & Company increased their target price on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Barclays lowered their price objective on shares of Fortive from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.18.

Fortive Stock Performance

Shares of Fortive stock opened at $64.00 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The stock’s 50-day moving average is $77.39 and its 200-day moving average is $76.84. Fortive Co. has a one year low of $63.26 and a one year high of $84.96.

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, 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 quarter in the prior year, the company posted $0.98 earnings per share. Equities analysts predict that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

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 given a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.50%. Fortive’s dividend payout ratio (DPR) is presently 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.