Fortive Co. (NYSE:FTV) Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in Fortive Co. (NYSE:FTV - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,727 shares of the technology company's stock after selling 8,511 shares during the quarter. Ethic Inc.'s holdings in Fortive were worth $4,180,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FTV. Principal Financial Group Inc. increased its stake in shares of Fortive by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 406,085 shares of the technology company's stock worth $32,052,000 after purchasing an additional 10,795 shares during the last quarter. Czech National Bank grew its position in shares of Fortive by 5.3% during the 4th 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 in the last quarter. Wedmont Private Capital grew its position in shares of Fortive by 4.3% during the 4th 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 in the last quarter. Marshall & Sullivan Inc. WA lifted its holdings in shares of Fortive by 1.9% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 60,543 shares of the technology company's stock worth $4,541,000 after acquiring an additional 1,151 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new stake in shares of Fortive during the 4th quarter worth $5,140,000. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction on Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the transaction, the chief financial officer now directly owns 76,126 shares of the company's stock, valued at approximately $6,003,296.36. The trade was a 29.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter C. Underwood sold 14,327 shares of Fortive stock in a transaction on Monday, May 12th. The stock was sold at an average price of $73.88, for a total transaction of $1,058,478.76. Following the completion of the transaction, the senior vice president now directly owns 51,750 shares in the company, valued at $3,823,290. This represents a 21.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,712 shares of company stock valued at $20,567,008. 1.01% of the stock is currently owned by company insiders.

Fortive Trading Down 0.1%

NYSE FTV traded down $0.04 during trading on Tuesday, hitting $73.70. The stock had a trading volume of 3,206,544 shares, compared to its average volume of 2,467,656. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a market capitalization of $25.05 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.68 and a beta of 1.10. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The stock has a 50 day simple moving average of $69.91 and a 200 day simple moving average of $74.89.

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

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio (DPR) is presently 14.04%.

Analysts Set New Price Targets

FTV has been the subject of several recent analyst reports. Truist Financial lowered their price objective on shares of Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada raised their target price on shares of Fortive from $68.00 to $72.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Citigroup decreased their price objective on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.85.

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.