Fortive Co. (NYSE:FTV) Shares Sold by First County Bank CT

First County Bank CT trimmed its position in shares of Fortive Co. (NYSE:FTV) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,927 shares of the technology company’s stock after selling 151 shares during the quarter. First County Bank CT’s holdings in Fortive were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Fortive in the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Fortive in the second quarter valued at about $31,000. Pinnacle Bancorp Inc. grew its position in shares of 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. Versant Capital Management Inc increased 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 worth $34,000 after purchasing an additional 297 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Fortive during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction that occurred on 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 $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the transaction, the senior vice president now directly owns 42,651 shares in the company, valued at approximately $3,058,503.21. The trade was a 80.11 % 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 Up 0.2 %

Shares of FTV opened at $76.67 on Wednesday. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The firm has a market capitalization of $26.60 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $75.94 and its 200 day simple moving average is $74.61.

Fortive (NYSE:FTV) last released its quarterly earnings data 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 period last year, the business posted $0.85 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Fortive Co. will post 3.85 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, November 29th. Fortive’s payout ratio is currently 12.75%.

Analyst Ratings Changes

FTV has been the topic of a number of analyst reports. Barclays lowered their target price on Fortive from $98.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Truist Financial increased their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted their target price on shares of Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday. Royal Bank of Canada decreased their price target on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Finally, Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.09.

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.