Cresset Asset Management LLC Has $498,000 Holdings in Fortive Co. (NYSE:FTV)

Cresset Asset Management LLC cut its position in Fortive Co. (NYSE:FTV - Free Report) by 74.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,645 shares of the technology company's stock after selling 19,088 shares during the quarter. Cresset Asset Management LLC's holdings in Fortive were worth $498,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FTV. Czech National Bank raised its position in Fortive by 5.3% in the fourth quarter. Czech National Bank now owns 75,186 shares of the technology company's stock valued at $5,639,000 after purchasing an additional 3,818 shares during the last quarter. Wedmont Private Capital raised its position in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after purchasing an additional 137 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Fortive by 6.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,085 shares of the technology company's stock valued at $231,000 after purchasing an additional 195 shares during the last quarter. Mirador Capital Partners LP raised its position in Fortive by 1.6% in the fourth quarter. Mirador Capital Partners LP now owns 10,980 shares of the technology company's stock valued at $824,000 after purchasing an additional 171 shares during the last quarter. Finally, RDA Financial Network raised its position in Fortive by 5.9% in the fourth quarter. RDA Financial Network now owns 4,796 shares of the technology company's stock valued at $360,000 after purchasing an additional 269 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FTV. 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 research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Fortive from $90.00 to $73.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada raised their price objective on Fortive from $68.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Citigroup lowered their price objective on Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird lowered their price objective on Fortive from $88.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.85.

Insider Activity

In other news, CEO James A. Lico sold 196,117 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 528,851 shares in the company, valued at $42,509,043.38. The trade was a 27.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Christopher M. Mulhall sold 6,493 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $79.95, for a total value of $519,115.35. Following the sale, the chief accounting officer now owns 24,283 shares of the company's stock, valued at approximately $1,941,425.85. This represents a 21.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,712 shares of company stock worth $20,567,008 over the last quarter. 1.01% of the stock is currently owned by corporate insiders.

Fortive Price Performance

FTV stock opened at $72.90 on Thursday. The stock has a market capitalization of $24.78 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The company's 50-day moving average is $69.84 and its 200-day moving average is $74.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. Fortive Co. has a 1 year low of $60.39 and a 1 year high of $83.32.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The business's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities research analysts expect that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. Fortive's dividend payout ratio is 14.04%.

About Fortive

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.

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