Mufg Securities Americas Inc. Takes $384,000 Position in Fortive Co. (NYSE:FTV)

Mufg Securities Americas Inc. acquired a new stake in shares of Fortive Co. (NYSE:FTV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,122 shares of the technology company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTV. Wedmont Private Capital boosted its stake in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock worth $252,000 after purchasing an additional 137 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Fortive by 6.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,085 shares of the technology company's stock worth $231,000 after purchasing an additional 195 shares in the last quarter. RDA Financial Network boosted its stake in Fortive by 5.9% in the fourth quarter. RDA Financial Network now owns 4,796 shares of the technology company's stock worth $360,000 after purchasing an additional 269 shares in the last quarter. CNB Bank boosted its stake in Fortive by 8.8% in the fourth quarter. CNB Bank now owns 6,533 shares of the technology company's stock worth $490,000 after purchasing an additional 531 shares in the last quarter. Finally, Dakota Community Bank & Trust NA boosted its stake in Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company's stock worth $59,000 after purchasing an additional 175 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FTV has been the topic of several research reports. 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. Barclays dropped their price objective on Fortive from $85.00 to $84.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Robert W. Baird dropped their price objective on Fortive from $88.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Finally, StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.92.

Insiders Place Their Bets

In other Fortive 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 approximately $31,029,554. The trade was a 28.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Peter C. Underwood sold 14,327 shares of Fortive stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 432,712 shares of company stock valued at $33,237,008. 1.01% of the stock is currently owned by company insiders.

Fortive Trading Up 1.1%

NYSE FTV opened at $73.26 on Friday. 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 Co. has a twelve month low of $60.39 and a twelve month high of $83.32. The company has a market cap of $24.90 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The business's fifty day moving average is $69.77 and its 200 day moving average is $74.85.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Fortive had a return on equity of 13.15% and a net margin of 13.36%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $0.83 EPS. Fortive's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, May 30th. Fortive's dividend payout ratio (DPR) 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.

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