Fortive Co. (NYSE:FTV) Stock Position Raised by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its position in Fortive Co. (NYSE:FTV) by 10.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 71,908 shares of the technology company’s stock after buying an additional 6,720 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Fortive were worth $5,393,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in Fortive in the fourth quarter worth approximately $31,000. Versant Capital Management Inc lifted its stake in shares of Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares during the last quarter. Crews Bank & Trust bought a new stake in Fortive in the fourth quarter worth $37,000. Albion Financial Group UT bought a new position in Fortive during the fourth quarter valued at about $38,000. Finally, Dakota Community Bank & Trust NA lifted its position in shares of Fortive by 28.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock worth $59,000 after buying an additional 175 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Fortive news, SVP Stacey A. Walker sold 3,002 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $79.05, for a total transaction of $237,308.10. Following the sale, the senior vice president now directly owns 42,373 shares of the company’s stock, valued at approximately $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James A. Lico sold 196,117 shares of Fortive stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the completion of the transaction, the chief executive officer now owns 528,851 shares of the company’s stock, valued at $42,509,043.38. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,385 shares of company stock worth $19,508,529. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FTV shares. JPMorgan Chase & Co. lowered their price objective on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Truist Financial increased their price target on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Barclays lowered their target price on shares of Fortive from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company boosted their target price on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.18.

Fortive Stock Up 0.8 %

NYSE FTV opened at $73.25 on Tuesday. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $85.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a market cap of $24.93 billion, a PE ratio of 31.04, a PEG ratio of 2.68 and a beta of 1.16. The firm has a 50-day simple moving average of $78.24 and a 200 day simple moving average of $77.00.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same period in the prior year, the company posted $0.98 earnings per share. On average, research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 28th. Fortive’s payout ratio is 13.56%.

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.