Ramsay Stattman Vela & Price Inc. Sells 320 Shares of Fortive Co. (NYSE:FTV)

Ramsay Stattman Vela & Price Inc. reduced its holdings in shares of Fortive Co. (NYSE:FTV) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,682 shares of the technology company’s stock after selling 320 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Fortive were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Fortive by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 8,191,915 shares of the technology company’s stock worth $644,346,000 after purchasing an additional 46,704 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Fortive by 13.8% in the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Fortive by 14,635.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock worth $315,720,000 after buying an additional 3,972,855 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Fortive by 3.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,444,205 shares of the technology company’s stock worth $271,851,000 after buying an additional 103,530 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fortive by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,964,789 shares of the technology company’s stock worth $155,081,000 after buying an additional 24,539 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Down 1.3 %

FTV stock opened at $80.59 on Tuesday. The business’s 50-day moving average is $77.83 and its two-hundred day moving average is $75.73. The company has a market cap of $27.96 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 2.14 and a beta of 1.15. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.

Fortive (NYSE:FTV) last issued its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, analysts forecast that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s dividend payout ratio is presently 12.75%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FTV shares. Royal Bank of Canada boosted their price target on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Argus restated a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Barclays cut their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.64.

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.