Arcus Capital Partners LLC Buys 1,664 Shares of Fortive Co. (NYSE:FTV)

Arcus Capital Partners LLC increased its stake in Fortive Co. (NYSE:FTV) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,746 shares of the technology company’s stock after buying an additional 1,664 shares during the period. Arcus Capital Partners LLC’s holdings in Fortive were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in shares of Fortive during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new stake in Fortive in the first quarter worth $32,000. Ridgewood Investments LLC bought a new position in Fortive in the second quarter worth $30,000. International Assets Investment Management LLC purchased a new position in Fortive during the second quarter valued at $30,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Fortive during the 2nd quarter valued at $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fortive

In other Fortive news, 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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fortive news, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the sale, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the transaction, the senior vice president now owns 68,161 shares in the company, valued at $5,030,281.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,895 shares of company stock worth $13,878,151 in the last ninety days. Insiders own 1.01% of the company’s stock.

Fortive Price Performance

Shares of NYSE:FTV opened at $76.16 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13. The business has a 50-day simple moving average of $75.25 and a two-hundred day simple moving average of $74.18. Fortive Co. has a fifty-two week low of $65.14 and a fifty-two week high of $87.10.

Fortive (NYSE:FTV) last released its quarterly earnings data 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. 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 period in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Fortive Co. will post 3.85 earnings per share for the current year.

Fortive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

Analyst Ratings Changes

A number of research analysts recently issued reports on FTV shares. Mizuho raised shares of Fortive from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $80.00 to $90.00 in a research report on Friday, September 6th. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Thursday, September 5th. Wolfe Research lowered Fortive from an “outperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Wells Fargo & Company dropped their target price on Fortive from $82.00 to $77.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial reduced their price target on Fortive from $90.00 to $89.00 and set a “buy” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fortive currently has an average rating of “Moderate Buy” and a consensus price target of $88.20.

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.