BOK Financial Private Wealth Inc. Buys 12,455 Shares of Fortive Co. (NYSE:FTV)

BOK Financial Private Wealth Inc. grew its holdings in Fortive Co. (NYSE:FTV - Free Report) by 15,568.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,535 shares of the technology company's stock after acquiring an additional 12,455 shares during the period. BOK Financial Private Wealth Inc.'s holdings in Fortive were worth $923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ronald Blue Trust Inc. raised its stake in shares of Fortive by 5.1% in the third quarter. Ronald Blue Trust Inc. now owns 2,865 shares of the technology company's stock worth $214,000 after acquiring an additional 138 shares during the last quarter. RFG Advisory LLC increased its stake in Fortive by 2.4% in the 3rd quarter. RFG Advisory LLC now owns 6,618 shares of the technology company's stock valued at $491,000 after buying an additional 153 shares during the last quarter. Brighton Jones LLC raised its holdings in Fortive by 5.3% during the third quarter. Brighton Jones LLC now owns 3,191 shares of the technology company's stock worth $237,000 after acquiring an additional 160 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Fortive by 4.9% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 3,505 shares of the technology company's stock valued at $260,000 after buying an additional 165 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Fortive by 17.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,120 shares of the technology company's stock valued at $80,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling

In other news, CFO Charles E. Mclaughlin sold 40,837 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $86.28, for a total transaction of $3,523,416.36. Following the completion of the transaction, the chief financial officer now directly owns 61,855 shares of the company's stock, valued at approximately $5,336,849.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Charles E. Mclaughlin sold 40,837 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.28, for a total value of $3,523,416.36. Following the completion of the sale, the chief financial officer now directly owns 61,855 shares in the company, valued at $5,336,849.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacey A. Walker sold 9,106 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total value of $787,669.00. Following the transaction, the senior vice president now directly owns 36,558 shares in the company, valued at approximately $3,162,267. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,937 shares of company stock valued at $5,475,122. Corporate insiders own 0.95% of the company's stock.

Analyst Ratings Changes

FTV has been the subject of a number of research analyst reports. Barclays boosted their price objective on Fortive from $89.00 to $97.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Fortive from $83.00 to $87.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their target price on shares of Fortive from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 1st. StockNews.com upgraded shares of Fortive from a "hold" rating to a "buy" rating in a research report on Friday, January 26th. Finally, Vertical Research lowered shares of Fortive from a "buy" rating to a "hold" rating in a research note on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Fortive presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.31.

Fortive Stock Down 1.0 %

Shares of FTV stock traded down $0.83 during mid-day trading on Monday, hitting $81.58. The stock had a trading volume of 1,553,390 shares, compared to its average volume of 1,613,989. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 1.75. The firm has a market capitalization of $28.67 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.13. The firm's 50-day moving average is $84.58 and its two-hundred day moving average is $75.82. Fortive Co. has a 12-month low of $62.70 and a 12-month high of $87.10.

Fortive (NYSE:FTV - Get Free Report) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. Fortive had a return on equity of 12.12% and a net margin of 14.27%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned $0.88 EPS. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Fortive Co. will post 3.78 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, May 31st. Fortive's dividend payout ratio is currently 13.11%.

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.