Fortive Co. (NYSE:FTV) Stock Holdings Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in Fortive Co. (NYSE:FTV - Free Report) by 77.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 550,369 shares of the technology company's stock after buying an additional 240,976 shares during the period. Ameriprise Financial Inc. owned 0.16% of Fortive worth $41,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. grew its position in Fortive by 5.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,554 shares of the technology company's stock valued at $192,000 after buying an additional 127 shares in the last quarter. Wedmont Private Capital grew its position in Fortive by 4.3% in the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock valued at $252,000 after buying an additional 137 shares in the last quarter. Dynasty Wealth Management LLC grew its position in Fortive by 1.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company's stock valued at $1,083,000 after buying an additional 142 shares in the last quarter. Manchester Capital Management LLC grew its position in Fortive by 13.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company's stock valued at $105,000 after buying an additional 165 shares in the last quarter. Finally, Webster Bank N. A. grew its position in Fortive by 6.6% in the 4th quarter. Webster Bank N. A. now owns 2,696 shares of the technology company's stock valued at $202,000 after buying an additional 168 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Fortive from $85.00 to $84.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. BNP Paribas lowered shares of Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price objective for the company. in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada raised their price objective on shares of Fortive from $68.00 to $72.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird reduced their price objective on shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, Fortive presently has a consensus rating of "Moderate Buy" and an average target price of $80.85.

Fortive Price Performance

FTV stock opened at $70.45 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The firm has a market capitalization of $23.94 billion, a PE ratio of 29.85, a P/E/G ratio of 2.68 and a beta of 1.10. The firm has a 50-day moving average of $70.07 and a two-hundred day moving average of $74.91.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The firm's revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, analysts forecast that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's dividend payout ratio (DPR) is 14.04%.

Insider Transactions at Fortive

In other news, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 47,141 shares of the company's stock, valued at $3,795,793.32. This represents a 10.77% 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 this link. Also, CEO James A. Lico sold 196,117 shares of the 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 directly owns 528,851 shares of the company's stock, valued at $42,509,043.38. This trade represents a 27.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock valued at $19,508,529 over the last three months. 1.01% of the stock is owned by corporate insiders.

Fortive 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.

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