Mizuho Securities USA LLC Has $2.47 Million Holdings in Fortive Co. (NYSE:FTV)

Mizuho Securities USA LLC boosted its holdings in Fortive Co. (NYSE:FTV) by 44.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,883 shares of the technology company’s stock after acquiring an additional 10,165 shares during the quarter. Mizuho Securities USA LLC’s holdings in Fortive were worth $2,466,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in shares of Fortive in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in 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 buying an additional 297 shares during the last quarter. Crews Bank & Trust purchased a new stake in Fortive in the 4th quarter valued at $37,000. Albion Financial Group UT bought a new position in Fortive during the 4th quarter valued at $38,000. Finally, Dakota Community Bank & Trust NA boosted its holdings in Fortive by 28.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock worth $59,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Up 1.5 %

FTV stock opened at $75.92 on Tuesday. The stock has a fifty day moving average of $78.64 and a 200-day moving average of $76.92. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $86.21. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 2.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16.

Fortive (NYSE:FTV) last issued its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, equities research analysts predict that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. Fortive’s dividend payout ratio is currently 13.56%.

Insider Transactions at Fortive

In other Fortive news, SVP Stacey A. Walker sold 3,002 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the transaction, the senior vice president now owns 42,373 shares in the company, valued at $3,349,585.65. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles E. Mclaughlin sold 32,085 shares of Fortive stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $78.86, for a total value of $2,530,223.10. Following the transaction, the chief financial officer now directly owns 76,126 shares of the company’s stock, valued at $6,003,296.36. The trade was a 29.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,385 shares of company stock valued at $19,508,529 over the last three months. Company insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays dropped their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada upped their price objective on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.64.

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.