Schonfeld Strategic Advisors LLC Has $21.70 Million Stock Position in Fortive Co. (NYSE:FTV)

Schonfeld Strategic Advisors LLC reduced its stake in shares of Fortive Co. (NYSE:FTV - Free Report) by 63.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,282 shares of the technology company's stock after selling 494,951 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.08% of Fortive worth $21,696,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of Fortive by 9.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 42,947,135 shares of the technology company's stock valued at $3,221,036,000 after acquiring an additional 3,810,997 shares in the last quarter. Flossbach Von Storch SE grew its stake in Fortive by 1.2% during the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company's stock valued at $892,743,000 after purchasing an additional 137,479 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Fortive by 164.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,730,161 shares of the technology company's stock worth $654,763,000 after purchasing an additional 5,429,566 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fortive by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,294,930 shares of the technology company's stock valued at $620,480,000 after purchasing an additional 103,015 shares in the last quarter. Finally, Boston Partners raised its position in shares of Fortive by 2.1% in the 4th quarter. Boston Partners now owns 7,904,282 shares of the technology company's stock valued at $594,108,000 after purchasing an additional 166,123 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Trading Up 1.2 %

FTV stock traded up $0.81 during trading on Friday, hitting $67.59. The company had a trading volume of 5,613,591 shares, compared to its average volume of 2,408,090. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.68 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $71.11 and a 200-day moving average price of $75.20. Fortive Co. has a 12 month low of $60.39 and a 12 month high of $83.32.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly 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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Fortive's revenue was down 3.3% on a year-over-year basis. As a group, analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be given a $0.08 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.47%. Fortive's dividend payout ratio is currently 14.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays decreased their target price on Fortive from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their target price on shares of Fortive from $68.00 to $72.00 and gave the company a "sector perform" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Citigroup cut their target price on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $80.83.

Insider Buying and Selling

In related news, SVP Stacey A. Walker sold 5,688 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total value of $457,997.76. Following the completion of the sale, the senior vice president now directly owns 47,141 shares in the company, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive 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 transaction, the chief financial officer now owns 76,126 shares of the company's stock, valued at $6,003,296.36. This represents a 29.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,385 shares of company stock valued at $19,508,529. Company insiders own 1.01% of the company's stock.

About Fortive

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.