Jump Financial LLC Sells 157,328 Shares of Fortive Co. (NYSE:FTV)

Jump Financial LLC decreased its position in Fortive Co. (NYSE:FTV - Free Report) by 97.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,114 shares of the technology company's stock after selling 157,328 shares during the quarter. Jump Financial LLC's holdings in Fortive were worth $309,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Fortive during the fourth quarter worth about $31,000. Versant Capital Management Inc raised its stake in shares of Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock worth $34,000 after acquiring an additional 297 shares during the last quarter. Crews Bank & Trust acquired a new position in Fortive during the 4th quarter worth $37,000. Albion Financial Group UT acquired a new position in shares of Fortive during the fourth quarter valued at $38,000. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Fortive by 28.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after buying an additional 175 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Fortive Stock Down 4.4 %

Shares of NYSE:FTV traded down $3.10 during mid-day trading on Thursday, reaching $66.59. 7,976,750 shares of the stock were exchanged, compared to its average volume of 2,380,756. The stock's 50 day simple moving average is $71.62 and its 200-day simple moving average is $75.35. Fortive Co. has a one year low of $60.39 and a one year high of $83.32. The company has a market cap of $22.63 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.68 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33.

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

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.48%. Fortive's dividend payout ratio (DPR) is presently 13.56%.

Insider Buying and Selling at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 32,085 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. This represents a 29.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stacey A. Walker sold 3,002 shares of Fortive stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the transaction, the senior vice president now owns 42,373 shares of the company's stock, valued at $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 243,385 shares of company stock worth $19,508,529 over the last ninety days. 1.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on FTV. Citigroup dropped their target price 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. BNP Paribas lowered Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 target price for the company. in a research report on Wednesday, April 9th. Royal Bank of Canada lifted their price objective on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Barclays lowered their target price on shares of Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Truist Financial reduced their price target on shares of Fortive from $90.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $81.92.

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.