Fortive Co. (NYSE:FTV) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in Fortive Co. (NYSE:FTV) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,186 shares of the technology company’s stock after acquiring an additional 2,727 shares during the quarter. Yousif Capital Management LLC’s holdings in Fortive were worth $3,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Fortive by 1.0% in the 3rd quarter. Wellington Management Group LLP now owns 19,092,535 shares of the technology company’s stock worth $1,415,902,000 after acquiring an additional 181,948 shares during the period. Flossbach Von Storch AG boosted its holdings in Fortive by 4.8% in the 4th quarter. Flossbach Von Storch AG now owns 11,107,878 shares of the technology company’s stock worth $817,873,000 after acquiring an additional 512,414 shares during the period. Brown Advisory Inc. boosted its holdings in Fortive by 2.9% in the 3rd quarter. Brown Advisory Inc. now owns 6,698,951 shares of the technology company’s stock worth $496,794,000 after acquiring an additional 191,877 shares during the period. Northern Trust Corp boosted its holdings in Fortive by 2.3% in the 3rd quarter. Northern Trust Corp now owns 3,886,914 shares of the technology company’s stock worth $288,254,000 after acquiring an additional 85,560 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in Fortive by 8.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,294,446 shares of the technology company’s stock worth $244,316,000 after acquiring an additional 260,404 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their price target on Fortive from $92.00 to $84.00 and set an “equal weight” rating for the company in a report on Thursday. Vertical Research cut Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Citigroup reduced their target price on Fortive from $101.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday. Mizuho increased their target price on Fortive from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Truist Financial assumed coverage on Fortive in a research note on Thursday, March 14th. They set a “buy” rating and a $99.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.46.

Fortive Stock Performance

Shares of FTV opened at $75.97 on Friday. The business’s fifty day moving average price is $83.83 and its 200 day moving average price is $76.13. Fortive Co. has a 12-month low of $62.77 and a 12-month high of $87.10. The stock has a market capitalization of $26.74 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.75.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. Fortive had a return on equity of 12.22% and a net margin of 14.68%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Equities research analysts forecast that Fortive Co. will post 3.8 EPS for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, May 31st. Fortive’s dividend payout ratio is presently 12.65%.

Insiders Place Their Bets

In other Fortive news, CAO Christopher M. Mulhall sold 8,994 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $82.17, for a total value of $739,036.98. Following the sale, the chief accounting officer now directly owns 20,564 shares of the company’s stock, valued at $1,689,743.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fortive news, CAO Christopher M. Mulhall sold 8,994 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $82.17, for a total value of $739,036.98. Following the sale, the chief accounting officer now directly owns 20,564 shares of the company’s stock, valued at $1,689,743.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tamara S. Newcombe sold 5,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the completion of the sale, the chief executive officer now directly owns 55,017 shares in the company, valued at $4,676,445. The disclosure for this sale can be found here. Insiders have sold 63,937 shares of company stock valued at $5,475,122 over the last three months. Company insiders own 0.95% of the company’s stock.

Fortive Company 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.