Fortive Co. (NYSE:FTV) Holdings Raised by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in shares of Fortive Co. (NYSE:FTV) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,880 shares of the technology company’s stock after purchasing an additional 555 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Fortive were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Metis Global Partners LLC lifted its position in shares of Fortive by 4.9% in the 4th quarter. Metis Global Partners LLC now owns 37,717 shares of the technology company’s stock worth $2,829,000 after buying an additional 1,774 shares during the last quarter. SVB Wealth LLC bought a new position in Fortive in the fourth quarter worth about $338,000. Dynasty Wealth Management LLC boosted its stake in Fortive by 1.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 142 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Fortive by 2.9% during the fourth quarter. QRG Capital Management Inc. now owns 20,043 shares of the technology company’s stock valued at $1,503,000 after purchasing an additional 558 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Fortive during the 4th quarter worth approximately $5,847,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Performance

NYSE:FTV opened at $78.28 on Thursday. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. The company has a 50-day moving average of $78.90 and a 200-day moving average of $76.71. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating 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 firm posted $0.98 earnings per share. Analysts forecast that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. 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 0.41%. Fortive’s dividend payout ratio is currently 13.56%.

Insiders Place Their Bets

In other Fortive news, CEO James A. Lico sold 196,117 shares of Fortive stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the transaction, the chief executive officer now directly owns 528,851 shares in the company, valued at approximately $42,509,043.38. The trade was a 27.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Stacey A. Walker sold 5,688 shares of Fortive stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total value of $457,997.76. Following the transaction, the senior vice president now owns 47,141 shares in the company, valued at $3,795,793.32. This represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 243,385 shares of company stock worth $19,508,529. Company insiders own 1.01% of the company’s stock.

Analyst Upgrades and Downgrades

FTV has been the topic of several analyst reports. Truist Financial increased their target price on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research 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. UBS Group initiated coverage on shares of Fortive in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target on the stock. Wells Fargo & Company increased their price objective on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Barclays cut their target price on Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.