Fortive Co. (NYSE:FTV) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,009 shares of the technology company's stock after purchasing an additional 8,364 shares during the period. Quantinno Capital Management LP's holdings in Fortive were worth $6,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox purchased a new position in shares of Fortive in the fourth quarter valued at approximately $583,493,000. Norges Bank acquired a new position in shares of Fortive during the fourth quarter worth $412,445,000. Price T Rowe Associates Inc. MD raised its stake in Fortive by 164.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,730,161 shares of the technology company's stock valued at $654,763,000 after buying an additional 5,429,566 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Fortive by 9.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,947,135 shares of the technology company's stock worth $3,221,036,000 after buying an additional 3,810,997 shares during the last quarter. Finally, Third Point LLC purchased a new position in shares of Fortive in the 4th quarter valued at about $142,500,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on FTV shares. Barclays reduced their price target 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 downgraded Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price objective for the company. in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lifted their target price on Fortive from $73.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company upped their price target on Fortive from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada lifted 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.92.

Fortive Trading Up 0.2%

Shares of NYSE:FTV traded up $0.12 during midday trading on Thursday, reaching $70.22. The company's stock had a trading volume of 684,972 shares, compared to its average volume of 2,514,536. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. The business has a 50 day moving average price of $69.67 and a 200 day moving average price of $74.85. Fortive Co. has a 1 year low of $60.39 and a 1 year high of $83.32. 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 issued its earnings results on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.49 billion. Fortive had a return on equity of 13.15% and a net margin of 13.36%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. Fortive's payout ratio is currently 14.04%.

Insider Buying and Selling

In related news, CEO James A. Lico sold 175,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $72.40, for a total value of $12,670,000.00. Following the transaction, the chief executive officer now owns 428,585 shares in the company, valued at approximately $31,029,554. The trade was a 28.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Peter C. Underwood sold 14,327 shares of Fortive stock in a transaction that occurred on 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 sale, the senior vice president now owns 51,750 shares in the company, valued at $3,823,290. This represents a 21.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,712 shares of company stock valued at $33,237,008. Corporate 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.