Capital City Trust Co. FL lowered its stake in Fortive Corp (NYSE:FTV) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,656 shares of the technology company’s stock after selling 810 shares during the period. Capital City Trust Co. FL’s holdings in Fortive were worth $400,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Franklin Street Advisors Inc. NC increased its holdings in shares of Fortive by 3.9% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 75,518 shares of the technology company’s stock valued at $5,464,000 after buying an additional 2,863 shares in the last quarter. Hutchens Investment Management Inc raised its stake in Fortive by 4.8% during the 4th quarter. Hutchens Investment Management Inc now owns 28,962 shares of the technology company’s stock valued at $2,095,000 after purchasing an additional 1,320 shares during the period. Renaissance Investment Group LLC raised its stake in Fortive by 12.8% during the 4th quarter. Renaissance Investment Group LLC now owns 43,777 shares of the technology company’s stock valued at $3,167,000 after purchasing an additional 4,965 shares during the period. Prudential Financial Inc. raised its stake in Fortive by 1.0% during the 3rd quarter. Prudential Financial Inc. now owns 1,480,434 shares of the technology company’s stock valued at $104,800,000 after purchasing an additional 13,954 shares during the period. Finally, Atlantic Trust Group LLC raised its stake in Fortive by 5.6% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,415,399 shares of the technology company’s stock valued at $100,196,000 after purchasing an additional 74,670 shares during the period. 78.75% of the stock is currently owned by institutional investors.

Fortive Corp (NYSE:FTV) traded down $0.76 during trading on Wednesday, hitting $73.02. 889,270 shares of the stock traded hands, compared to its average volume of 1,336,629. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. Fortive Corp has a fifty-two week low of $53.26 and a fifty-two week high of $75.69. The stock has a market cap of $25,380.00 and a PE ratio of 27.55.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. Fortive had a net margin of 14.39% and a return on equity of 31.67%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company posted $0.65 EPS. Fortive’s revenue was up 7.4% on a year-over-year basis. research analysts anticipate that Fortive Corp will post 2.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, November 24th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Wednesday, November 22nd. Fortive’s dividend payout ratio is currently 10.57%.

In other news, insider James A. Lico sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the transaction, the insider now directly owns 166,014 shares in the company, valued at approximately $12,142,263.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stacey A. Walker sold 4,775 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total transaction of $346,139.75. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

FTV has been the topic of several recent analyst reports. SunTrust Banks reissued a “buy” rating and set a $81.00 target price on shares of Fortive in a research note on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and set a $79.00 target price on shares of Fortive in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday, September 26th. Citigroup boosted their target price on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fortive has an average rating of “Hold” and an average target price of $71.36.

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About Fortive

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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