Fortive Co. (NYSE:FTV) Shares Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lifted its holdings in shares of Fortive Co. (NYSE:FTV) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,854 shares of the technology company’s stock after buying an additional 150 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Fortive were worth $699,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTV. Private Advisor Group LLC lifted its holdings in shares of Fortive by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock valued at $308,000 after buying an additional 135 shares during the period. RDA Financial Network grew its stake in shares of Fortive by 3.4% during the 2nd quarter. RDA Financial Network now owns 4,191 shares of the technology company’s stock worth $311,000 after purchasing an additional 138 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Fortive by 0.8% in the 2nd quarter. QRG Capital Management Inc. now owns 18,507 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 146 shares in the last quarter. Andina Capital Management LLC lifted its stake in shares of Fortive by 3.4% in the second quarter. Andina Capital Management LLC now owns 4,433 shares of the technology company’s stock valued at $328,000 after purchasing an additional 147 shares during the period. Finally, Axiom Advisory LLC boosted its holdings in Fortive by 1.6% during the third quarter. Axiom Advisory LLC now owns 10,048 shares of the technology company’s stock worth $734,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Trading Up 1.6 %

FTV stock opened at $79.69 on Tuesday. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.15 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $75.97 and a 200-day simple moving average of $74.16.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts expect that Fortive Co. will post 3.85 EPS for the current year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, November 29th. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FTV. 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 report on Thursday, October 10th. Wells Fargo & Company dropped their price target on Fortive from $82.00 to $77.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley began coverage on shares of Fortive in a research report on Friday, September 6th. They issued an “overweight” rating and a $89.00 price objective on the stock. Barclays dropped their target price on shares of Fortive from $98.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Argus reaffirmed a “hold” rating on shares of Fortive in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.82.

Insider Buying and Selling

In other news, SVP Peter C. Underwood sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the completion of the sale, the senior vice president now owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction that occurred on Friday, November 1st. The stock was 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 approximately $3,058,503.21. The trade was a 80.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,895 shares of company stock valued at $14,261,051. Corporate insiders own 1.01% of the company’s stock.

Fortive Company 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.