Metis Global Partners LLC Has $2 Million Stock Holdings in Fortive Corporation $FTV

Metis Global Partners LLC trimmed its position in shares of Fortive Corporation (NYSE:FTV) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,293 shares of the technology company’s stock after selling 2,973 shares during the period. Metis Global Partners LLC’s holdings in Fortive were worth $1,996,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTV. Accent Capital Management LLC acquired a new stake in shares of Fortive during the 1st quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its position in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the period. Capital Analysts LLC boosted its stake in Fortive by 41.0% during the first quarter. Capital Analysts LLC now owns 523 shares of the technology company’s stock worth $38,000 after buying an additional 152 shares in the last quarter. Banque Transatlantique SA increased its holdings in Fortive by 92.8% in the 1st quarter. Banque Transatlantique SA now owns 561 shares of the technology company’s stock valued at $38,000 after buying an additional 270 shares during the period. Finally, Andra AP fonden acquired a new position in shares of Fortive in the 2nd quarter valued at $57,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, SVP Stacey A. Walker sold 2,192 shares of Fortive stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $50.35, for a total transaction of $110,367.20. Following the completion of the sale, the senior vice president owned 59,488 shares in the company, valued at $2,995,220.80. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTV. Morgan Stanley lifted their target price on shares of Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Weiss Ratings downgraded Fortive from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Royal Bank Of Canada dropped their target price on Fortive from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Thursday, July 31st. Melius lowered Fortive from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price target on Fortive from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.29.

Fortive Stock Up 0.3%

Shares of FTV opened at $51.22 on Monday. The business’s fifty day moving average price is $49.06 and its two-hundred day moving average price is $56.44. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.09 and a beta of 1.16. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.70.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Monday, June 9th. The technology company reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $1.07 billion for the quarter. Fortive had a return on equity of 12.04% and a net margin of 11.72%. On average, analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 28th. Fortive’s dividend payout ratio (DPR) is 13.71%.

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.