Fortive Co. (NYSE:FTV) Shares Bought by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. raised its stake in Fortive Co. (NYSE:FTV) by 550.0% in the third quarter, HoldingsChannel.com reports. The fund owned 3,250 shares of the technology company’s stock after purchasing an additional 2,750 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Fortive were worth $256,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in Fortive in the first quarter valued at $32,000. Ridgewood Investments LLC acquired a new position in Fortive in the second quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in Fortive in the second quarter valued at $30,000. Goodman Advisory Group LLC acquired a new position in Fortive in the second quarter valued at $31,000. Finally, Pinnacle Bancorp Inc. increased its stake in Fortive by 71.0% in the third quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company’s stock valued at $33,000 after purchasing an additional 176 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fortive

In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.03, for a total transaction of $508,141.92. Following the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at approximately $5,433,135.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.03, for a total transaction of $508,141.92. Following the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at approximately $5,433,135.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total value of $1,049,657.40. Following the completion of the sale, the senior vice president now owns 68,161 shares in the company, valued at approximately $5,030,281.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Fortive Trading Down 0.3 %

Shares of FTV opened at $71.16 on Tuesday. The company has a market capitalization of $24.69 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.96 and a beta of 1.13. Fortive Co. has a one year low of $64.69 and a one year high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The stock has a 50-day moving average price of $75.22 and a 200 day moving average price of $74.33.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the business posted $0.85 EPS. Fortive’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Fortive Co. will post 3.85 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, September 13th. Fortive’s payout ratio is 12.75%.

Analyst Upgrades and Downgrades

FTV has been the subject of several research analyst reports. Mizuho upgraded Fortive from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $90.00 in a research note on Friday, September 6th. Raymond James upgraded Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price target for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. upgraded Fortive from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $92.00 in a research note on Thursday, October 10th. Royal Bank of Canada dropped their price target on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Finally, Morgan Stanley initiated coverage on Fortive in a research note on Friday, September 6th. They set an “overweight” rating and a $89.00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and an average target price of $88.20.

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.