UMB Bank n.a. Has $255,000 Stock Holdings in Fortive Co. (NYSE:FTV)

UMB Bank n.a. reduced its stake in Fortive Co. (NYSE:FTV) by 67.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,405 shares of the technology company’s stock after selling 7,086 shares during the quarter. UMB Bank n.a.’s holdings in Fortive were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Fortive in the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in Fortive during the second quarter worth $31,000. Pinnacle Bancorp Inc. lifted its holdings in 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 buying an additional 176 shares during the period. Versant Capital Management Inc boosted its position in Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after acquiring an additional 297 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Fortive during the 3rd quarter worth about $41,000. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Argus restated a “hold” rating on shares of Fortive in a research report on Monday, November 18th. UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and cut their target price for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. Finally, Barclays decreased their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.45.

Fortive Price Performance

FTV stock opened at $80.22 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The business has a 50-day simple moving average of $76.86 and a two-hundred day simple moving average of $74.95. The company has a market capitalization of $27.83 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Fortive’s revenue was up 2.7% compared to the same quarter last year. Research analysts expect that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, November 29th. Fortive’s payout ratio is currently 12.75%.

Insiders Place Their Bets

In other Fortive news, 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 value of $12,320,351.68. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Peter C. Underwood sold 5,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This represents a 9.37 % 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 insiders.

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.