Fortive Co. (NYSE:FTV) Shares Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its holdings in shares of Fortive Co. (NYSE:FTV) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,139 shares of the technology company’s stock after purchasing an additional 416 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Fortive were worth $685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL purchased a new stake in shares of Fortive during the fourth quarter worth $384,000. Gabelli Funds LLC acquired a new stake in Fortive in the 4th quarter valued at about $266,000. Dodge & Cox acquired a new position in shares of Fortive during the fourth quarter worth about $583,493,000. Ontario Teachers Pension Plan Board increased its stake in shares of Fortive by 506.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 27,773 shares of the technology company’s stock worth $2,083,000 after buying an additional 23,193 shares during the period. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Fortive in the fourth quarter valued at approximately $377,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, CEO James A. Lico sold 196,117 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the transaction, the chief executive officer now owns 528,851 shares of the company’s stock, valued at $42,509,043.38. This represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stacey A. Walker sold 3,002 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the sale, the senior vice president now directly owns 42,373 shares of the company’s stock, valued at approximately $3,349,585.65. This trade represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,385 shares of company stock valued at $19,508,529 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

Fortive Price Performance

Shares of NYSE:FTV opened at $65.44 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The company has a 50-day simple moving average of $73.76 and a 200-day simple moving average of $75.84. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.68 and a beta of 1.12.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, analysts predict that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Fortive’s payout ratio is currently 13.56%.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of Fortive from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company increased their target price on Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Truist Financial dropped their price objective on Fortive from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup decreased their target price on Fortive from $84.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.92.

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.