Vanguard Personalized Indexing Management LLC Buys 1,349 Shares of Fortive Co. (NYSE:FTV)

Vanguard Personalized Indexing Management LLC boosted its holdings in Fortive Co. (NYSE:FTV) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,400 shares of the technology company’s stock after buying an additional 1,349 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fortive were worth $2,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTV. Private Advisor Group LLC bought a new position in Fortive in the 4th quarter valued at approximately $283,000. Janney Montgomery Scott LLC lifted its position in Fortive by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,060 shares of the technology company’s stock valued at $1,109,000 after acquiring an additional 1,357 shares in the last quarter. Corient Private Wealth LLC lifted its position in Fortive by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 113,788 shares of the technology company’s stock valued at $8,378,000 after acquiring an additional 2,635 shares in the last quarter. Trexquant Investment LP bought a new position in Fortive in the 4th quarter valued at approximately $3,823,000. Finally, Assetmark Inc. lifted its position in Fortive by 61.2% in the 4th quarter. Assetmark Inc. now owns 17,929 shares of the technology company’s stock valued at $1,320,000 after acquiring an additional 6,810 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on FTV. Wolfe Research cut Fortive from an “outperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $77.00 target price on shares of Fortive in a research note on Friday, September 6th. Barclays boosted their target price on shares of Fortive from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley began coverage on shares of Fortive in a research note on Friday, September 6th. They set an “overweight” rating and a $89.00 target price for the company. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and an average target price of $86.23.

Fortive Trading Down 1.2 %

NYSE:FTV opened at $76.34 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.95. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. Fortive Co. has a one year low of $63.05 and a one year high of $87.10. The business has a fifty day moving average price of $72.43 and a 200-day moving average price of $76.23.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. Fortive had a return on equity of 12.32% and a net margin of 14.39%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Fortive’s revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that Fortive Co. will post 3.82 EPS for the current year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. Fortive’s payout ratio is presently 12.65%.

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.