Fortive Co. (NYSE:FTV) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,661 shares of the technology company's stock after purchasing an additional 51,285 shares during the period. BNP Paribas Financial Markets owned 0.05% of Fortive worth $13,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in Fortive in the third quarter worth $25,000. Cornerstone Planning Group LLC purchased a new stake in shares of Fortive in the 3rd quarter worth about $28,000. Cetera Trust Company N.A bought a new stake in shares of Fortive during the 4th quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Fortive during the third quarter valued at about $30,000. Finally, Spire Wealth Management increased its position in shares of Fortive by 69.3% during the fourth quarter. Spire Wealth Management now owns 508 shares of the technology company's stock valued at $37,000 after buying an additional 208 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Fortive Stock Down 0.6 %

Shares of FTV stock traded down $0.46 during mid-day trading on Thursday, hitting $77.33. The company's stock had a trading volume of 907,849 shares, compared to its average volume of 1,676,034. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.25 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.50. Fortive Co. has a 52-week low of $63.05 and a 52-week high of $87.10. The business has a 50-day moving average price of $81.63 and a 200 day moving average price of $76.63.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. Fortive had a net margin of 14.68% and a return on equity of 12.22%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. Research analysts predict that Fortive Co. will post 3.81 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. Fortive's dividend payout ratio (DPR) is currently 12.65%.

Analysts Set New Price Targets

FTV has been the topic of several research reports. Truist Financial assumed coverage on Fortive in a report on Thursday, March 14th. They set a "buy" rating and a $99.00 target price on the stock. Royal Bank of Canada lowered their price objective on Fortive from $93.00 to $83.00 and set a "sector perform" rating for the company in a research report on Thursday, April 25th. Citigroup reduced their target price on shares of Fortive from $101.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. cut shares of Fortive from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $95.00 to $90.00 in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Fortive from $92.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven 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 an average price target of $86.46.

Insider Buying and Selling

In other Fortive news, CEO Tamara S. Newcombe sold 5,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $85.00, for a total value of $425,000.00. Following the transaction, the chief executive officer now owns 55,017 shares of the company's stock, valued at $4,676,445. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Fortive news, CEO Tamara S. Newcombe sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the sale, the chief executive officer now directly owns 55,017 shares of the company's stock, valued at $4,676,445. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stacey A. Walker sold 9,106 shares of Fortive stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total transaction of $787,669.00. Following the transaction, the senior vice president now owns 36,558 shares in the company, valued at approximately $3,162,267. The disclosure for this sale can be found here. Insiders sold 54,943 shares of company stock valued at $4,736,085 over the last 90 days. Company insiders own 1.01% of the company's stock.

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.