Fortive Co. (NYSE:FTV) Stock Position Increased by Defender Capital LLC.

Defender Capital LLC. increased its position in shares of Fortive Co. (NYSE:FTV) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,393 shares of the technology company’s stock after purchasing an additional 58,560 shares during the quarter. Fortive accounts for approximately 8.7% of Defender Capital LLC.’s investment portfolio, making the stock its 4th largest holding. Defender Capital LLC. owned 0.09% of Fortive worth $23,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FTV. Capital Performance Advisors LLP purchased a new position in shares of Fortive during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its stake 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 purchasing an additional 176 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Fortive by 186.8% in 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 in the last quarter. Albion Financial Group UT purchased a new stake in Fortive during the fourth quarter worth about $38,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Fortive in the 3rd quarter worth about $41,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Trading Up 0.3 %

Shares of FTV stock opened at $80.66 on Thursday. The firm has a fifty day moving average of $77.36 and a 200-day moving average of $75.16. The stock has a market cap of $27.98 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 2.15 and a beta of 1.14. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Fortive Co. will post 3.84 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, March 28th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio (DPR) is 12.75%.

Analyst Upgrades and Downgrades

FTV has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Citigroup cut Fortive from a “buy” rating to a “neutral” rating and reduced their target price for the company from $92.00 to $86.00 in a report on Monday, December 9th. Wells Fargo & Company upped their price target on Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Argus reaffirmed a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Finally, Barclays decreased their price target on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.45.

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 can be accessed through this hyperlink. 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 completion of the sale, the senior vice president now owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

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.