Fortive Co. (NYSE:FTV) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC increased its stake in shares of Fortive Co. (NYSE:FTV) by 55.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,657 shares of the technology company’s stock after purchasing an additional 2,371 shares during the quarter. Simplicity Solutions LLC’s holdings in Fortive were worth $490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of Fortive during the 1st quarter worth about $66,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fortive by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,124,090 shares of the technology company’s stock worth $129,421,000 after acquiring an additional 127,093 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Fortive by 123.0% during the 1st quarter. Panagora Asset Management Inc. now owns 19,004 shares of the technology company’s stock worth $1,158,000 after acquiring an additional 10,481 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Fortive by 11.7% during the 1st quarter. Cibc World Market Inc. now owns 21,144 shares of the technology company’s stock worth $1,288,000 after acquiring an additional 2,217 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Fortive by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,658 shares of the technology company’s stock worth $103,217,000 after acquiring an additional 84,238 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fortive

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FTV. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Citigroup upped their price objective on Fortive from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho upped their target price on Fortive from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their target price on Fortive from $79.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, Barclays upped their target price on Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.54.

Fortive Stock Down 0.0 %

FTV opened at $80.17 on Friday. The business has a 50 day moving average price of $84.47 and a two-hundred day moving average price of $75.98. The company has a quick ratio of 1.75, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $28.17 billion, a PE ratio of 32.86, a P/E/G ratio of 2.48 and a beta of 1.13. Fortive Co. has a 52 week low of $62.70 and a 52 week high of $87.10.

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

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. 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.