Fortive Co. (NYSE:FTV) Stock Holdings Lifted by Bull Street Advisors LLC

Bull Street Advisors LLC grew its stake in Fortive Co. (NYSE:FTV) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,562 shares of the technology company’s stock after buying an additional 620 shares during the period. Bull Street Advisors LLC’s holdings in Fortive were worth $1,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Fortive by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company’s stock worth $644,346,000 after acquiring an additional 46,704 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Fortive by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Fortive by 14,635.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock valued at $315,720,000 after purchasing an additional 3,972,855 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Fortive by 3.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company’s stock worth $271,851,000 after buying an additional 103,530 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Fortive by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,964,789 shares of the technology company’s stock worth $155,081,000 after buying an additional 24,539 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Price Performance

FTV stock opened at $80.59 on Friday. The firm has a market cap of $27.96 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.14 and a beta of 1.15. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. 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 firm’s fifty day moving average is $77.79 and its 200 day moving average is $75.61.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same period last year, the firm posted $0.98 EPS. Research analysts predict that Fortive Co. will post 3.84 earnings per share for the current 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 0.40%. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

Analyst Ratings Changes

A number of equities analysts have issued reports on FTV shares. Royal Bank of Canada increased their target price on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Truist Financial lifted their price target on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Argus restated a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Finally, 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 report on Wednesday, January 8th. Seven research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.64.

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.