144,081 Shares in Fortive Corporation $FTV Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P bought a new position in shares of Fortive Corporation (NYSE:FTV) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 144,081 shares of the technology company’s stock, valued at approximately $7,511,000.

Several other large investors also recently modified their holdings of FTV. Brighton Jones LLC raised its position in shares of Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after purchasing an additional 2,811 shares during the period. Federated Hermes Inc. increased its stake in Fortive by 16.3% during the 1st quarter. Federated Hermes Inc. now owns 38,906 shares of the technology company’s stock worth $2,847,000 after purchasing an additional 5,452 shares in the last quarter. XTX Topco Ltd acquired a new stake in Fortive during the 1st quarter worth approximately $230,000. Arkadios Wealth Advisors bought a new position in Fortive in the first quarter valued at approximately $424,000. Finally, Banco Santander S.A. boosted its holdings in shares of Fortive by 30.2% in the first quarter. Banco Santander S.A. now owns 10,323 shares of the technology company’s stock valued at $755,000 after buying an additional 2,392 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial reissued a “hold” rating and set a $58.00 price objective (up previously from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fortive in a report on Tuesday, November 25th. Mizuho dropped their price target on Fortive from $65.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Citigroup boosted their price target on Fortive from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Morgan Stanley increased their price objective on Fortive from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.38.

Fortive Trading Down 1.3%

Shares of NYSE:FTV opened at $52.78 on Tuesday. The company’s 50-day moving average price is $50.29 and its two-hundred day moving average price is $54.44. Fortive Corporation has a one year low of $46.34 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.58. The stock has a market capitalization of $16.76 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.22 and a beta of 1.13.

Fortive (NYSE:FTV) last released its earnings results on Monday, June 9th. The technology company reported $0.80 earnings per share (EPS) for the quarter. Fortive had a return on equity of 12.04% and a net margin of 11.72%.The business had revenue of $1.07 billion for the quarter. On average, equities analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, November 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Fortive’s dividend payout ratio is currently 13.71%.

Insider Buying and Selling at Fortive

In related news, SVP Stacey A. Walker sold 2,192 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $50.35, for a total value of $110,367.20. Following the completion of the transaction, the senior vice president directly owned 59,488 shares of the company’s stock, valued at approximately $2,995,220.80. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.92% of the company’s stock.

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.