Man Group plc Has $5.24 Million Position in Fortive Co. (NYSE:FTV)

Man Group plc lifted its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 292.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,906 shares of the technology company's stock after acquiring an additional 52,082 shares during the period. Man Group plc's holdings in Fortive were worth $5,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in shares of Fortive during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new stake in Fortive in the fourth quarter worth $31,000. Crews Bank & Trust bought a new stake in Fortive in the fourth quarter valued at $37,000. Quarry LP lifted its stake in Fortive by 229.6% in the fourth quarter. Quarry LP now owns 501 shares of the technology company's stock valued at $38,000 after buying an additional 349 shares during the last quarter. Finally, Albion Financial Group UT bought a new stake in Fortive in the fourth quarter valued at $38,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTV. BNP Paribas cut Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 target price on the stock. in a research note on Wednesday, April 9th. Citigroup cut their target price on Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wall Street Zen cut Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Finally, Robert W. Baird cut their target price on Fortive from $88.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Eight equities 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.92.

Insider Buying and Selling

In related news, CEO James A. Lico sold 175,000 shares of Fortive stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $72.40, for a total transaction of $12,670,000.00. Following the transaction, the chief executive officer now directly owns 428,585 shares of the company's stock, valued at $31,029,554. The trade was a 28.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of Fortive stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total value of $457,997.76. Following the transaction, the senior vice president now directly owns 47,141 shares in the company, valued at approximately $3,795,793.32. The trade was a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,712 shares of company stock valued at $33,237,008 over the last three months. Company insiders own 1.01% of the company's stock.

Fortive Stock Performance

Shares of FTV traded down $0.46 during trading hours on Friday, reaching $69.69. 3,464,227 shares of the company's stock traded hands, compared to its average volume of 2,536,032. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.68 and a beta of 1.10. 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 twelve month low of $60.39 and a twelve month high of $83.32. The business's fifty day simple moving average is $69.49 and its two-hundred day simple moving average is $74.83.

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

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's payout ratio is currently 14.04%.

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.