TD Private Client Wealth LLC Has $1.29 Million Holdings in Fortive Co. (NYSE:FTV)

TD Private Client Wealth LLC reduced its holdings in Fortive Co. (NYSE:FTV) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,139 shares of the technology company’s stock after selling 7,298 shares during the quarter. TD Private Client Wealth LLC’s holdings in Fortive were worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FTV. Flossbach Von Storch SE raised its position in Fortive by 1.2% in the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company’s stock worth $892,743,000 after purchasing an additional 137,479 shares during the last quarter. Geode Capital Management LLC raised its position in Fortive by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company’s stock worth $644,346,000 after purchasing an additional 46,704 shares during the last quarter. Janus Henderson Group PLC raised its position in Fortive by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock worth $634,701,000 after purchasing an additional 977,428 shares during the last quarter. Boston Partners raised its position in Fortive by 2.1% in the 4th quarter. Boston Partners now owns 7,904,282 shares of the technology company’s stock worth $594,108,000 after purchasing an additional 166,123 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Fortive by 3.1% in 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 purchasing an additional 103,530 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Charles E. Mclaughlin sold 32,085 shares of the company’s stock in a transaction on 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 directly owns 76,126 shares of the company’s stock, valued at approximately $6,003,296.36. This represents a 29.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stacey A. Walker sold 5,688 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the transaction, the senior vice president now directly owns 47,141 shares of the company’s stock, valued at approximately $3,795,793.32. The trade was a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,385 shares of company stock valued at $19,508,529. Company insiders own 1.01% of the company’s stock.

Fortive Price Performance

Shares of FTV stock opened at $74.84 on Friday. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $86.21. The firm has a market capitalization of $25.47 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $78.65 and a 200-day moving average of $76.86.

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, beating the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same period last year, the business posted $0.98 earnings per share. On average, equities research analysts forecast that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Fortive’s payout ratio is presently 13.56%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FTV. Wells Fargo & Company boosted their price objective on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Truist Financial boosted their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Barclays dropped their target price 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. Finally, StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Seven equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.64.

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.