Fortive Co. (NYSE:FTV) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc trimmed its holdings in Fortive Co. (NYSE:FTV) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,940 shares of the technology company’s stock after selling 637 shares during the period. Fortive accounts for approximately 1.8% of O Brien Greene & Co. Inc’s holdings, making the stock its 24th largest holding. O Brien Greene & Co. Inc’s holdings in Fortive were worth $5,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in Fortive in the third quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in shares of Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after buying an additional 297 shares during the period. Crews Bank & Trust acquired a new stake in shares of Fortive during the 4th quarter worth $37,000. Albion Financial Group UT purchased a new position in shares of Fortive in the 4th quarter worth $38,000. Finally, Exchange Traded Concepts LLC acquired a new position in Fortive in the third quarter valued at $41,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Trading Up 1.6 %

Shares of FTV opened at $83.05 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The stock has a 50-day moving average price of $78.03 and a 200 day moving average price of $75.95. The company has a market capitalization of $28.82 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.63 and a beta of 1.15.

Fortive (NYSE:FTV) last released its earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sell-side analysts forecast that Fortive Co. will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. Fortive’s payout ratio is 13.56%.

Analysts Set New Price Targets

A number of research firms have recently commented on FTV. Truist Financial raised their price objective on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. UBS Group initiated coverage on shares of Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Finally, Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Fortive presently has an average rating of “Moderate Buy” and an average target price of $87.64.

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.