Greenleaf Trust Increases Stock Holdings in Fortive Co. (NYSE:FTV)

Greenleaf Trust increased its stake in shares of Fortive Co. (NYSE:FTV) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,341 shares of the technology company’s stock after purchasing an additional 346 shares during the quarter. Greenleaf Trust’s holdings in Fortive were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FTV. Boston Partners raised its stake in shares of Fortive by 19.3% in the first quarter. Boston Partners now owns 6,463,772 shares of the technology company’s stock valued at $554,253,000 after acquiring an additional 1,045,245 shares during the period. Janus Henderson Group PLC raised its position in Fortive by 47.1% in the 1st quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock worth $537,119,000 after purchasing an additional 1,999,792 shares during the period. Dimensional Fund Advisors LP lifted its stake in Fortive by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,668,448 shares of the technology company’s stock worth $197,726,000 after purchasing an additional 205,893 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Fortive by 6.8% during the second quarter. Select Equity Group L.P. now owns 2,641,314 shares of the technology company’s stock valued at $195,721,000 after buying an additional 168,368 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Fortive by 3.8% during the second quarter. Canada Pension Plan Investment Board now owns 2,565,443 shares of the technology company’s stock valued at $190,099,000 after buying an additional 94,170 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

FTV opened at $75.01 on Friday. The firm has a market capitalization of $26.41 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12. The business’s 50-day moving average is $74.95 and its two-hundred day moving average is $74.89. Fortive Co. has a 1 year low of $63.05 and a 1 year high of $87.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.95.

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

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 17th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s dividend payout ratio (DPR) is 12.65%.

Insider Activity at Fortive

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

Analyst Ratings Changes

A number of research firms recently issued reports on FTV. Wells Fargo & Company boosted their price objective on Fortive from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Mizuho upgraded shares of 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 report on Friday, September 6th. Raymond James upgraded shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. upgraded shares of Fortive from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $92.00 in a research note on Thursday, October 10th. Finally, TD Cowen upgraded Fortive from a “hold” rating to a “buy” rating and boosted their price target for the company from $75.00 to $90.00 in a report on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.36.

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.