State of Wyoming Has $504,000 Stock Holdings in Fortive Co. (NYSE:FTV)

State of Wyoming raised its holdings in Fortive Co. (NYSE:FTV - Free Report) by 425.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,716 shares of the technology company's stock after acquiring an additional 5,437 shares during the quarter. State of Wyoming's holdings in Fortive were worth $504,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Fortive

In other Fortive news, SVP Peter C. Underwood sold 14,327 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $73.88, for a total value of $1,058,478.76. Following the sale, the senior vice president now directly owns 51,750 shares in the company, valued at $3,823,290. The trade was a 21.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 $3,795,793.32. This represents a 10.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,712 shares of company stock worth $33,237,008 over the last three months. 1.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on FTV shares. Wells Fargo & Company upped their price target on shares of Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. 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 report on Wednesday, May 7th. Royal Bank of Canada raised their target price on Fortive from $68.00 to $72.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. BNP Paribas lowered Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price target on the stock. in a research note on Wednesday, April 9th. Finally, Citigroup reduced their price objective on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.92.

Fortive Price Performance

Shares of NYSE FTV opened at $72.71 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $24.71 billion, a PE ratio of 30.81, a PEG ratio of 2.68 and a beta of 1.10. The stock's 50 day moving average price is $69.74 and its 200-day moving average price is $74.90. Fortive Co. has a twelve month low of $60.39 and a twelve month high of $83.32.

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, meeting analysts' consensus estimates of $0.85. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Fortive had a return on equity of 13.15% and a net margin of 13.36%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, equities analysts anticipate that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business 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 $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.