UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $271.85 Million Stock Holdings in Fortive Co. (NYSE:FTV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Fortive Co. (NYSE:FTV) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,444,205 shares of the technology company’s stock after acquiring an additional 103,530 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fortive were worth $271,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Fortive by 113.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 372,034 shares of the technology company’s stock valued at $29,365,000 after buying an additional 197,636 shares during the period. Glenmede Trust Co. NA raised its position in shares of Fortive by 12.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 11,627 shares of the technology company’s stock valued at $918,000 after acquiring an additional 1,293 shares during the period. BNP Paribas Financial Markets boosted its stake in Fortive by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 534,124 shares of the technology company’s stock worth $42,158,000 after acquiring an additional 123,972 shares during the last quarter. Brooklyn Investment Group acquired a new position in Fortive during the third quarter valued at approximately $119,000. Finally, Patton Albertson Miller Group LLC raised its holdings in Fortive by 1.7% in the third quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock worth $699,000 after purchasing an additional 150 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Fortive

In other news, SVP Jonathan L. Schwarz sold 14,223 shares of Fortive stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 68,161 shares in the company, valued at approximately $5,030,281.80. The trade was a 17.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the sale, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at $3,702,336.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,895 shares of company stock worth $14,261,051 in the last ninety days. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FTV shares. Morgan Stanley started coverage on shares of Fortive in a report on Friday, September 6th. They issued an “overweight” rating and a $89.00 price target for the company. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upgraded Fortive from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $90.00 to $92.00 in a research report on Thursday, October 10th. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Thursday, September 5th. Finally, Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.82.

Fortive Price Performance

Shares of NYSE FTV opened at $79.33 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The business has a 50-day moving average of $76.23 and a 200-day moving average of $74.26. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.18 and a beta of 1.13. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10.

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, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that Fortive Co. will post 3.85 earnings per share for the current fiscal year.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, November 29th. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

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.