Fortive Co. (NYSE:FTV) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in Fortive Co. (NYSE:FTV) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 9,638 shares of the technology company’s stock after buying an additional 402 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Fortive were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTV. Capital Performance Advisors LLP bought a new stake in Fortive during the third quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new stake in shares of Fortive during the 1st quarter valued at $32,000. Ridgewood Investments LLC acquired a new position in shares of Fortive in the 2nd quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in Fortive in the 2nd quarter worth about $30,000. Finally, Goodman Advisory Group LLC acquired a new stake in Fortive during the 2nd quarter worth about $31,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FTV. Morgan Stanley initiated coverage on Fortive in a research report on Friday, September 6th. They issued an “overweight” rating and a $89.00 target price for the company. Mizuho upgraded shares of Fortive from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $90.00 in a research note on Friday, September 6th. JPMorgan Chase & Co. raised Fortive from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $90.00 to $92.00 in a research note on Thursday, October 10th. UBS Group initiated coverage on shares of Fortive in a report on Wednesday. They issued a “neutral” rating and a $84.00 target price on the stock. Finally, StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.82.

Fortive Trading Down 1.0 %

NYSE FTV opened at $74.82 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $87.10. The company has a market capitalization of $25.96 billion, a PE ratio of 29.81, a P/E/G ratio of 2.09 and a beta of 1.13. The stock has a 50-day simple moving average of $75.45 and a 200 day simple moving average of $74.19.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Research analysts forecast that Fortive Co. will post 3.85 EPS for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the transaction, the senior vice president now owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total value of $1,049,657.40. Following the transaction, the senior vice president now directly owns 68,161 shares in the company, valued at approximately $5,030,281.80. This trade represents a 17.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,895 shares of company stock valued at $14,261,051. 1.01% of the stock is currently owned by corporate insiders.

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.