UniSuper Management Pty Ltd Has $2.73 Million Holdings in Fortive Co. (NYSE:FTV)

UniSuper Management Pty Ltd increased its holdings in Fortive Co. (NYSE:FTV) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,409 shares of the technology company’s stock after buying an additional 6,930 shares during the period. UniSuper Management Pty Ltd’s holdings in Fortive were worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Fortive in the 4th quarter valued at $31,000. Versant Capital Management Inc raised its stake in Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares in the last quarter. Crews Bank & Trust bought a new stake in Fortive during the fourth quarter worth about $37,000. Albion Financial Group UT acquired a new stake in Fortive during the fourth quarter worth about $38,000. Finally, Dakota Community Bank & Trust NA increased its holdings in Fortive by 28.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock valued at $59,000 after buying an additional 175 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FTV has been the subject of a number of recent analyst reports. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and cut their price target for the stock from $92.00 to $86.00 in a report on Monday, December 9th. StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Barclays reduced their price objective on Fortive from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada boosted their target price on Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.18.

Fortive Stock Down 2.7 %

NYSE:FTV opened at $72.57 on Friday. Fortive Co. has a one year low of $66.15 and a one year high of $85.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The company has a market cap of $24.69 billion, a PE ratio of 30.75, a P/E/G ratio of 2.68 and a beta of 1.16. The firm’s 50 day simple moving average is $78.35 and its 200 day simple moving average is $76.97.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same quarter last year, the firm earned $0.98 EPS. On average, research analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $0.08 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. Fortive’s payout ratio is 13.56%.

Insider Transactions at Fortive

In other news, CAO Christopher M. Mulhall sold 6,493 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the sale, the chief accounting officer now directly owns 24,283 shares in the company, valued at $1,941,425.85. This represents a 21.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 5,688 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the sale, the senior vice president now directly owns 47,141 shares in the company, valued at $3,795,793.32. This trade represents a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock worth $19,508,529 over the last ninety days. 1.01% of the stock is owned by 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.