Schroder Investment Management Group Has $136.55 Million Position in Fortive Co. (NYSE:FTV)

Schroder Investment Management Group lifted its stake in Fortive Co. (NYSE:FTV) by 9.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,819,690 shares of the technology company’s stock after purchasing an additional 152,315 shares during the quarter. Schroder Investment Management Group’s holdings in Fortive were worth $136,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. increased its position in Fortive by 5.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,554 shares of the technology company’s stock worth $192,000 after purchasing an additional 127 shares during the last quarter. Wedmont Private Capital increased its holdings in Fortive by 4.3% in the fourth quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after buying an additional 137 shares during the last quarter. Dynasty Wealth Management LLC raised its position in Fortive by 1.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 14,436 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 142 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Fortive by 13.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company’s stock valued at $105,000 after acquiring an additional 165 shares during the last quarter. Finally, Webster Bank N. A. grew its position in Fortive by 6.6% in the fourth quarter. Webster Bank N. A. now owns 2,696 shares of the technology company’s stock worth $202,000 after acquiring an additional 168 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Stacey A. Walker sold 3,002 shares of Fortive 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 directly owns 42,373 shares of the company’s stock, valued at $3,349,585.65. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James A. Lico sold 196,117 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the transaction, the chief executive officer now owns 528,851 shares in the company, valued at approximately $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 three months, insiders have sold 243,385 shares of company stock worth $19,508,529. Corporate insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Truist Financial raised their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays decreased their target price on Fortive from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, 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. Seven investment 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.18.

Fortive Stock Performance

NYSE FTV opened at $72.57 on Monday. The company’s fifty day moving average is $78.35 and its two-hundred day moving average is $77.00. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $85.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.68 and a beta of 1.16.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.98 EPS. Equities research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 0.44%. The ex-dividend date 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.