EntryPoint Capital LLC Invests $347,000 in Fortive Co. (NYSE:FTV)

EntryPoint Capital LLC acquired a new stake in Fortive Co. (NYSE:FTV) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,628 shares of the technology company’s stock, valued at approximately $347,000.

Other large investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Fortive in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc lifted its position in Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after acquiring an additional 297 shares in the last quarter. Crews Bank & Trust acquired a new position in Fortive in the 4th quarter worth $37,000. Albion Financial Group UT bought a new position in Fortive during the 4th quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Fortive by 28.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock valued at $59,000 after purchasing an additional 175 shares during the period. 94.94% of the stock is owned by institutional investors.

Fortive Price Performance

Shares of NYSE FTV opened at $75.17 on Thursday. 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 business’s 50 day moving average price is $78.56 and its two-hundred day moving average price is $76.95. The company has a market cap of $25.58 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $86.21.

Fortive (NYSE:FTV) last posted its 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 last year, the firm posted $0.98 EPS. On average, analysts predict that Fortive Co. will post 4.05 EPS for the current 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 0.43%. Fortive’s dividend payout ratio (DPR) is currently 13.56%.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 3,002 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the transaction, the senior vice president now owns 42,373 shares of the company’s stock, valued at approximately $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher M. Mulhall sold 6,493 shares of Fortive stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $79.95, for a total value of $519,115.35. Following the sale, the chief accounting officer now directly owns 24,283 shares of the company’s stock, valued at approximately $1,941,425.85. The trade was a 21.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 in the last three months. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Barclays decreased their price target on shares of Fortive from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. decreased 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. Finally, Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and lowered their price target for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.18.

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.