Capital City Trust Co. FL Acquires 990 Shares of Fortive Co. (NYSE:FTV)

Capital City Trust Co. FL increased its holdings in shares of Fortive Co. (NYSE:FTV) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,208 shares of the technology company’s stock after purchasing an additional 990 shares during the period. Capital City Trust Co. FL’s holdings in Fortive were worth $991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTV. Mizuho Securities USA LLC boosted its stake in Fortive by 14,635.7% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock valued at $315,720,000 after acquiring an additional 3,972,855 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Fortive by 1,005.9% in the third quarter. Point72 Asset Management L.P. now owns 1,937,153 shares of the technology company’s stock valued at $152,899,000 after acquiring an additional 1,761,983 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Fortive by 13.8% in the third quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after acquiring an additional 977,428 shares in the last quarter. Holocene Advisors LP boosted its stake in Fortive by 1,014.1% in the third quarter. Holocene Advisors LP now owns 924,671 shares of the technology company’s stock valued at $72,984,000 after acquiring an additional 841,671 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Fortive by 59.3% in the third quarter. The Manufacturers Life Insurance Company now owns 1,359,069 shares of the technology company’s stock valued at $107,271,000 after acquiring an additional 505,882 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Truist Financial lifted their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Argus reiterated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.64.

Fortive Stock Down 2.2 %

FTV opened at $80.03 on Friday. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.16. The company has a fifty day moving average of $78.20 and a two-hundred day moving average of $76.07. The stock has a market capitalization of $27.77 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.71 and a beta of 1.15.

Fortive (NYSE:FTV) last released its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.98 earnings per share. On average, research analysts expect that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. Fortive’s dividend payout ratio (DPR) 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.