Fortive Co. (NYSE:FTV) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. reduced its stake in shares of Fortive Co. (NYSE:FTV - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,859 shares of the technology company's stock after selling 9,367 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Fortive were worth $514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTV. World Investment Advisors LLC purchased a new stake in shares of Fortive during the third quarter worth about $12,031,000. Wilmington Savings Fund Society FSB purchased a new stake in Fortive during the 3rd quarter worth approximately $456,000. Tidal Investments LLC raised its position in shares of Fortive by 5.3% in the 3rd quarter. Tidal Investments LLC now owns 16,513 shares of the technology company's stock valued at $1,303,000 after purchasing an additional 829 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Fortive during the third quarter worth approximately $854,000. Finally, Principal Financial Group Inc. grew its holdings in 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 acquiring an additional 10,795 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Activity at Fortive

In other Fortive news, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the transaction, the senior vice president now directly owns 47,141 shares of the company's stock, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $78.86, for a total value of $2,530,223.10. Following the completion of the sale, the chief financial officer now directly owns 76,126 shares in the company, valued at $6,003,296.36. This represents a 29.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock worth $19,508,529 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FTV shares. Barclays cut their target price on shares of Fortive from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada increased their target price on Fortive from $68.00 to $72.00 and gave the stock a "sector perform" rating in a report on Friday. Wells Fargo & Company boosted their price target on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Truist Financial reduced their price objective on Fortive from $90.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, BNP Paribas lowered shares of Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 target price for the company. in a research note on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Fortive currently has a consensus rating of "Hold" and a consensus price target of $80.83.

Fortive Stock Performance

Shares of FTV traded up $0.81 during mid-day trading on Friday, reaching $67.59. 5,613,591 shares of the company's stock traded hands, compared to its average volume of 2,408,087. Fortive Co. has a 12 month low of $60.39 and a 12 month high of $83.32. The stock has a market capitalization of $22.97 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.12. The business's 50-day moving average price is $71.35 and its 200-day moving average price is $75.27. 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 (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. Equities analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business 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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's dividend payout ratio (DPR) is presently 13.56%.

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.