Colonial Trust Co SC Has $140,000 Stock Holdings in Fortive Co. (NYSE:FTV)

Colonial Trust Co SC increased its stake in shares of Fortive Co. (NYSE:FTV) by 872.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,868 shares of the technology company’s stock after buying an additional 1,676 shares during the period. Colonial Trust Co SC’s holdings in Fortive were worth $140,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in shares of Fortive by 7,443.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 123,640 shares of the technology company’s stock worth $9,273,000 after acquiring an additional 122,001 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Fortive in the fourth quarter valued at approximately $4,465,000. Bridgefront Capital LLC raised its position in Fortive by 70.9% in the 4th quarter. Bridgefront Capital LLC now owns 7,491 shares of the technology company’s stock worth $562,000 after purchasing an additional 3,107 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Fortive by 10.7% during the 4th quarter. Captrust Financial Advisors now owns 17,875 shares of the technology company’s stock worth $1,341,000 after buying an additional 1,729 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Fortive in the 4th quarter valued at $231,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Fortive from $90.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada raised their price target on Fortive from $68.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. BNP Paribas lowered Fortive from an “outperform” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research note on Wednesday, April 9th. Robert W. Baird decreased their target price on Fortive from $88.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Fortive Stock Up 2.7 %

Shares of FTV stock opened at $69.86 on Friday. Fortive Co. has a 12-month low of $60.39 and a 12-month high of $83.32. 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 $70.20 and a 200-day moving average of $74.95. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 2.68 and a beta of 1.10.

Fortive (NYSE:FTV) last released its earnings results on Thursday, May 1st. The technology company reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Fortive had a return on equity of 13.15% and a net margin of 13.36%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts predict that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, May 30th. Fortive’s dividend payout ratio is presently 14.04%.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 3,002 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total transaction of $237,308.10. Following the sale, the senior vice president now owns 42,373 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the firm’s stock in a transaction that occurred 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 owns 76,126 shares of the company’s stock, valued at approximately $6,003,296.36. This represents a 29.65 % decrease in their ownership of the stock. 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. Corporate insiders own 1.01% of the company’s stock.

Fortive 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.