Stifel Financial Corp Trims Position in Fortive Co. (NYSE:FTV)

Stifel Financial Corp lessened its position in shares of Fortive Co. (NYSE:FTV - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,905 shares of the technology company's stock after selling 6,144 shares during the quarter. Stifel Financial Corp's holdings in Fortive were worth $5,843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FTV. OneDigital Investment Advisors LLC boosted its stake in Fortive by 1.6% in the 4th quarter. OneDigital Investment Advisors LLC now owns 64,258 shares of the technology company's stock worth $4,819,000 after purchasing an additional 999 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Fortive by 62.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,561 shares of the technology company's stock worth $1,692,000 after buying an additional 8,660 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Fortive by 0.8% during the fourth quarter. MetLife Investment Management LLC now owns 91,824 shares of the technology company's stock valued at $6,887,000 after buying an additional 704 shares during the last quarter. Norinchukin Bank The increased its position in shares of Fortive by 12.3% in the 4th quarter. Norinchukin Bank The now owns 17,076 shares of the technology company's stock valued at $1,281,000 after acquiring an additional 1,867 shares during the period. Finally, Bank of Nova Scotia Trust Co. raised its stake in Fortive by 8.4% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 51,338 shares of the technology company's stock worth $3,850,000 after acquiring an additional 3,965 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 32,085 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the sale, the chief financial officer now owns 76,126 shares of the company's stock, valued at $6,003,296.36. The trade was a 29.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stacey A. Walker sold 3,002 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total transaction of $237,308.10. Following the completion of the sale, the senior vice president now owns 42,373 shares in the company, valued at $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock worth $19,508,529 in the last quarter. 1.01% of the stock is owned by insiders.

Fortive Trading Up 0.5 %

FTV stock traded up $0.35 during trading on Monday, reaching $67.90. 1,043,977 shares of the stock were exchanged, compared to its average volume of 2,786,786. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 2.68 and a beta of 1.10. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $71.11 and a 200-day moving average price of $75.17. Fortive Co. has a 1 year low of $60.38 and a 1 year high of $83.32.

Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. On average, research analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently declared 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 of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. Fortive's dividend payout ratio (DPR) is presently 14.04%.

Analyst Ratings Changes

FTV has been the topic of a number of research reports. StockNews.com lowered shares of Fortive from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. BNP Paribas downgraded Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 price target on the stock. in a research report on Wednesday, April 9th. Citigroup decreased their price objective on Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Royal Bank of Canada raised their target price on Fortive from $68.00 to $72.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, Truist Financial reduced their price target on Fortive from $90.00 to $81.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fortive currently has a consensus rating of "Hold" and an average target price of $80.83.

Fortive 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.