Fortive Co. (NYSE:FTV) Holdings Reduced by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. decreased its position in Fortive Co. (NYSE:FTV) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,156 shares of the technology company’s stock after selling 1,314 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Fortive were worth $687,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its holdings in shares of Fortive by 14,635.7% during 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 during the period. Point72 Asset Management L.P. boosted its holdings in shares of Fortive by 1,005.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,937,153 shares of the technology company’s stock worth $152,899,000 after buying an additional 1,761,983 shares during the period. Janus Henderson Group PLC boosted its holdings in Fortive by 13.8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the period. Holocene Advisors LP boosted its holdings in Fortive by 1,014.1% in the 3rd quarter. Holocene Advisors LP now owns 924,671 shares of the technology company’s stock valued at $72,984,000 after purchasing an additional 841,671 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Fortive by 59.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,359,069 shares of the technology company’s stock worth $107,271,000 after acquiring an additional 505,882 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on FTV shares. Royal Bank of Canada raised their price objective on shares of Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Wells Fargo & Company raised their target price on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. UBS Group initiated coverage on shares of Fortive in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Fortive has a consensus rating of “Moderate Buy” and a consensus price target of $87.64.

Insider Activity at Fortive

In related news, SVP Stacey A. Walker sold 3,002 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the transaction, the senior vice president now directly owns 42,373 shares in the company, valued at approximately $3,349,585.65. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James A. Lico sold 196,117 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the completion of the transaction, the chief executive officer now owns 528,851 shares in the company, valued at $42,509,043.38. This trade represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Fortive Price Performance

NYSE:FTV opened at $76.58 on Friday. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The company has a market cap of $26.06 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.68 and a beta of 1.16. The firm’s fifty day moving average price is $78.95 and its two-hundred day moving average price is $76.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV) last announced its earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) 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 firm earned $0.98 earnings per share. Equities analysts expect that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

Fortive Company 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.