Nisa Investment Advisors LLC Lowers Stake in Fortive Co. (NYSE:FTV)

Nisa Investment Advisors LLC lowered its position in shares of Fortive Co. (NYSE:FTV) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,704 shares of the technology company’s stock after selling 167 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fortive were worth $7,268,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Fortive in the third quarter worth $25,000. PCA Investment Advisory Services Inc. purchased a new position in shares of Fortive in the second quarter worth $26,000. Cornerstone Planning Group LLC purchased a new position in shares of Fortive in the third quarter worth $28,000. First Command Advisory Services Inc. purchased a new position in shares of Fortive in the third quarter worth $30,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Fortive in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Fortive

In other Fortive news, SVP Stacey A. Walker sold 9,106 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.50, for a total transaction of $787,669.00. Following the transaction, the senior vice president now owns 36,558 shares of the company’s stock, valued at approximately $3,162,267. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Charles E. Mclaughlin sold 40,837 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.28, for a total value of $3,523,416.36. Following the sale, the chief financial officer now directly owns 61,855 shares in the company, valued at approximately $5,336,849.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stacey A. Walker sold 9,106 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.50, for a total transaction of $787,669.00. Following the completion of the sale, the senior vice president now owns 36,558 shares in the company, valued at $3,162,267. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,937 shares of company stock valued at $5,475,122. Company insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Vertical Research downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. boosted their target price on shares of Fortive from $83.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price target on shares of Fortive from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price target on shares of Fortive from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Barclays upped their price target on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.31.

Fortive Trading Down 0.0 %

FTV stock opened at $84.19 on Wednesday. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.65 and a beta of 1.13. Fortive Co. has a twelve month low of $62.70 and a twelve month high of $87.10. The firm’s fifty day simple moving average is $84.47 and its two-hundred day simple moving average is $75.63. The company has a quick ratio of 1.75, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. Fortive had a net margin of 14.27% and a return on equity of 12.12%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. As a group, analysts anticipate that Fortive Co. will post 3.78 earnings per share for the current year.

Fortive Announces Dividend

The firm 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, May 31st. Fortive’s dividend payout ratio (DPR) is 13.11%.

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.