Security National Bank of SO Dak Buys 173 Shares of Fortive Co. (NYSE:FTV)

Security National Bank of SO Dak boosted its stake in Fortive Co. (NYSE:FTV) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,116 shares of the technology company’s stock after purchasing an additional 173 shares during the quarter. Security National Bank of SO Dak’s holdings in Fortive were worth $1,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTV. Janney Montgomery Scott LLC increased its holdings in Fortive by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,060 shares of the technology company’s stock valued at $1,109,000 after purchasing an additional 1,357 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Fortive by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 161,905 shares of the technology company’s stock worth $11,921,000 after acquiring an additional 1,548 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Fortive by 55,392.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,214 shares of the technology company’s stock worth $531,000 after acquiring an additional 7,201 shares in the last quarter. Evoke Wealth LLC increased its holdings in shares of Fortive by 754.1% in the fourth quarter. Evoke Wealth LLC now owns 32,568 shares of the technology company’s stock worth $2,398,000 after acquiring an additional 28,755 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Fortive by 82.5% in the fourth quarter. Bank of Nova Scotia now owns 58,770 shares of the technology company’s stock worth $4,327,000 after acquiring an additional 26,570 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

Shares of NYSE FTV opened at $78.54 on Friday. The stock has a 50 day moving average price of $72.39 and a 200 day moving average price of $76.02. Fortive Co. has a 52 week low of $63.05 and a 52 week high of $87.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 1.23. The stock has a market capitalization of $27.65 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.

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

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 0.41%. Fortive’s dividend payout ratio (DPR) is presently 12.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FTV shares. TD Cowen upgraded Fortive from a “hold” rating to a “buy” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Monday, July 8th. Barclays increased their price target on Fortive from $94.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday. 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 report on Thursday, September 5th. Mizuho raised Fortive from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $90.00 in a research report on Friday, September 6th. Finally, StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.38.

Insider Activity at Fortive

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

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.