5,378 Shares in Fortive Co. (NYSE:FTV) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Fortive Co. (NYSE:FTV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,378 shares of the technology company’s stock, valued at approximately $383,000.

Several other institutional investors also recently modified their holdings of FTV. Public Sector Pension Investment Board increased its stake in Fortive by 73.4% in the second quarter. Public Sector Pension Investment Board now owns 13,565 shares of the technology company’s stock valued at $1,005,000 after acquiring an additional 5,741 shares during the period. AXA S.A. grew its stake in shares of Fortive by 0.7% in the 2nd quarter. AXA S.A. now owns 31,577 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 225 shares during the period. Creative Planning grew its stake in shares of Fortive by 9.8% in the 2nd quarter. Creative Planning now owns 30,719 shares of the technology company’s stock valued at $2,276,000 after purchasing an additional 2,741 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fortive by 22.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,152 shares of the technology company’s stock worth $456,000 after buying an additional 1,117 shares during the period. Finally, Truist Financial Corp boosted its stake in Fortive by 1.1% in the 2nd quarter. Truist Financial Corp now owns 142,068 shares of the technology company’s stock valued at $10,527,000 after buying an additional 1,519 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Price Performance

Fortive stock opened at $80.37 on Wednesday. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.15 and a beta of 1.14. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $87.10. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $77.25 and its 200 day simple moving average is $75.13.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Fortive’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. Fortive’s payout ratio is 12.75%.

Analyst Ratings Changes

FTV has been the subject of several recent analyst reports. Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Truist Financial lifted their price target on shares of Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. UBS Group began coverage on shares of Fortive in a research note on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective on the stock. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank of Canada decreased their price target on Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Insider Activity

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the transaction, the senior vice president now owns 42,651 shares of the company’s stock, valued at $3,058,503.21. The trade was a 80.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by company insiders.

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.