6,100 Shares in Fortive Co. (NYSE:FTV) Purchased by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP purchased a new position in shares of Fortive Co. (NYSE:FTV – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 6,100 shares of the technology company’s stock, valued at approximately $356,000.

Other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC acquired a new position in shares of Fortive during the 2nd quarter worth about $208,000. Schechter Investment Advisors LLC acquired a new stake in Fortive in the 3rd quarter valued at about $289,000. Massmutual Trust Co. FSB ADV raised its holdings in Fortive by 3.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 24,855 shares of the technology company’s stock valued at $1,449,000 after acquiring an additional 864 shares during the last quarter. PGGM Investments acquired a new stake in Fortive in the 3rd quarter valued at about $4,433,000. Finally, Marshall & Sullivan Inc. WA raised its holdings in Fortive by 1.6% in the 3rd quarter. Marshall & Sullivan Inc. WA now owns 59,008 shares of the technology company’s stock valued at $3,440,000 after acquiring an additional 914 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Fortive Stock Performance

NYSE:FTV opened at $65.52 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.71 and a current ratio of 0.91. The stock has a market capitalization of $23.14 billion, a P/E ratio of 31.20, a PEG ratio of 2.43 and a beta of 1.13. The company has a 50 day moving average price of $67.15 and a 200 day moving average price of $65.02. Fortive Co. has a fifty-two week low of $52.47 and a fifty-two week high of $69.78.

Fortive (NYSE:FTV – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Fortive had a net margin of 12.96% and a return on equity of 11.90%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. Equities research analysts forecast that Fortive Co. will post 3.35 EPS for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. Fortive’s payout ratio is currently 13.33%.

Insider Buying and Selling

In other Fortive news, SVP Stacey A. Walker sold 1,336 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $66.39, for a total value of $88,697.04. Following the completion of the transaction, the senior vice president now owns 37,946 shares of the company’s stock, valued at approximately $2,519,234.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fortive news, SVP Stacey A. Walker sold 1,336 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $66.39, for a total value of $88,697.04. Following the completion of the transaction, the senior vice president now owns 37,946 shares of the company’s stock, valued at approximately $2,519,234.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stacey A. Walker sold 3,249 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $67.75, for a total transaction of $220,119.75. Following the completion of the transaction, the senior vice president now directly owns 32,721 shares of the company’s stock, valued at approximately $2,216,847.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,648 shares of company stock valued at $450,483. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FTV. Wells Fargo & Company increased their price objective on shares of Fortive from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. StockNews.com began coverage on shares of Fortive in a report on Thursday. They issued a “buy” rating for the company. Mizuho increased their price objective on shares of Fortive from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 13th. Citigroup increased their price objective on shares of Fortive from $77.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Fortive from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.62.

Fortive Profile

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Fortive Corp. engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the following segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions.