Bath Savings Trust Co Has $1.79 Million Holdings in Fortive Co. (NYSE:FTV)

Bath Savings Trust Co trimmed its stake in shares of Fortive Co. (NYSE:FTV) by 6.7% during the fourth quarter, HoldingsChannel reports. The fund owned 23,816 shares of the technology company’s stock after selling 1,698 shares during the period. Bath Savings Trust Co’s holdings in Fortive were worth $1,786,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Fortive in the third quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in Fortive in the 2nd quarter valued at approximately $31,000. Pinnacle Bancorp Inc. boosted its position in 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 acquiring an additional 176 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after acquiring an additional 297 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fortive in the second quarter valued at approximately $35,000. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Argus restated a “hold” rating on shares of Fortive in a report on Monday, November 18th. Truist Financial increased their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Barclays dropped their price target on shares of Fortive from $98.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, Wells Fargo & Company upped their target price on shares of Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Fortive has a consensus rating of “Moderate Buy” and an average price target of $87.09.

Insider Activity at Fortive

In related news, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the sale, the senior vice president now owns 42,651 shares in the company, valued at $3,058,503.21. The trade was a 80.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the transaction, the senior vice president now owns 48,346 shares of the company’s stock, valued at $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

Fortive Price Performance

Fortive stock traded up $0.20 during trading hours on Tuesday, reaching $76.72. 645,953 shares of the stock were exchanged, compared to its average volume of 1,754,125. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The company has a market cap of $26.62 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The stock has a 50 day moving average of $75.90 and a two-hundred day moving average of $74.58.

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

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. 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.