New Hampshire Trust Buys 372 Shares of Fortive Co. (NYSE:FTV)

New Hampshire Trust raised its stake in Fortive Co. (NYSE:FTV) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,181 shares of the technology company’s stock after purchasing an additional 372 shares during the period. New Hampshire Trust’s holdings in Fortive were worth $1,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC boosted its holdings in Fortive by 14,635.7% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock worth $315,720,000 after acquiring an additional 3,972,855 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Fortive by 1,005.9% during the third quarter. Point72 Asset Management L.P. now owns 1,937,153 shares of the technology company’s stock worth $152,899,000 after purchasing an additional 1,761,983 shares during the period. Janus Henderson Group PLC raised its position in shares of Fortive by 13.8% during the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock worth $634,701,000 after purchasing an additional 977,428 shares during the period. Holocene Advisors LP lifted its holdings in shares of Fortive by 1,014.1% in the 3rd quarter. Holocene Advisors LP now owns 924,671 shares of the technology company’s stock worth $72,984,000 after purchasing an additional 841,671 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Fortive by 59.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,359,069 shares of the technology company’s stock valued at $107,271,000 after purchasing an additional 505,882 shares during the period. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Up 0.4 %

Shares of NYSE:FTV opened at $79.00 on Tuesday. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a market capitalization of $27.41 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. The business has a fifty day moving average price of $76.68 and a two-hundred day moving average price of $74.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99.

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

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

Insider Activity at Fortive

In related news, SVP Peter C. Underwood sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 in the company, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the transaction, the senior vice president now owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This represents a 80.11 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FTV shares. Truist Financial upped their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Barclays cut their price target on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group initiated coverage on Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.45.

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.