Fortive Co. (NYSE:FTV) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP raised its holdings in shares of Fortive Co. (NYSE:FTV) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,980 shares of the technology company’s stock after acquiring an additional 171 shares during the quarter. Mirador Capital Partners LP’s holdings in Fortive were worth $824,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FTV. Fifth Third Wealth Advisors LLC lifted its stake in shares of Fortive by 6.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,085 shares of the technology company’s stock worth $231,000 after purchasing an additional 195 shares in the last quarter. Shorepath Capital Management LLC boosted its holdings in Fortive by 0.5% in the 4th quarter. Shorepath Capital Management LLC now owns 72,589 shares of the technology company’s stock worth $5,444,000 after acquiring an additional 364 shares during the period. Benson Investment Management Company Inc. acquired a new stake in Fortive in the fourth quarter valued at approximately $5,140,000. Marshall & Sullivan Inc. WA raised its stake in shares of Fortive by 1.9% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 60,543 shares of the technology company’s stock valued at $4,541,000 after purchasing an additional 1,151 shares during the period. Finally, Wedmont Private Capital lifted its position in shares of Fortive by 4.3% during the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after purchasing an additional 137 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FTV has been the topic of several analyst reports. Barclays dropped their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Wells Fargo & Company lifted their price target on shares of Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Truist Financial increased their target price on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.45.

Insiders Place Their Bets

In related news, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.21. The trade was a 80.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Peter C. Underwood sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Fortive Stock Performance

Shares of FTV opened at $78.31 on Thursday. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The company has a 50-day moving average of $76.44 and a two-hundred day moving average of $74.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 1.92 and a beta of 1.14.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Fortive’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.41%. Fortive’s dividend payout ratio is presently 12.75%.

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.