Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.37 Million Holdings in Fortive Co. (NYSE:FTV)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Fortive Co. (NYSE:FTV) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 17,556 shares of the technology company’s stock after acquiring an additional 264 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Fortive were worth $1,373,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FTV. CWM LLC lifted its position in Fortive by 7.7% during the third quarter. CWM LLC now owns 5,857 shares of the technology company’s stock worth $434,000 after purchasing an additional 417 shares during the period. AE Wealth Management LLC lifted its position in Fortive by 723.0% during the third quarter. AE Wealth Management LLC now owns 23,266 shares of the technology company’s stock worth $1,725,000 after purchasing an additional 20,439 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Fortive by 21.5% in the third quarter. HB Wealth Management LLC now owns 4,236 shares of the technology company’s stock worth $314,000 after acquiring an additional 749 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Fortive by 2.4% in the third quarter. RFG Advisory LLC now owns 6,618 shares of the technology company’s stock worth $491,000 after acquiring an additional 153 shares during the last quarter. Finally, New Hampshire Trust lifted its holdings in shares of Fortive by 1.5% in the third quarter. New Hampshire Trust now owns 13,376 shares of the technology company’s stock worth $992,000 after acquiring an additional 194 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Stock Performance

NYSE FTV traded up $0.49 during trading hours on Tuesday, hitting $80.85. The company’s stock had a trading volume of 411,786 shares, compared to its average volume of 1,601,405. Fortive Co. has a 12 month low of $62.70 and a 12 month high of $87.10. The company’s 50 day simple moving average is $84.35 and its two-hundred day simple moving average is $76.10. The company has a market cap of $28.41 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 1.75.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Fortive had a return on equity of 12.12% and a net margin of 14.27%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. As a group, sell-side analysts expect that Fortive Co. will post 3.78 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Fortive’s payout ratio is currently 13.11%.

Insider Activity

In related news, SVP Stacey A. Walker sold 9,106 shares of Fortive stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total transaction of $787,669.00. Following the sale, the senior vice president now owns 36,558 shares of the company’s stock, valued at approximately $3,162,267. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fortive news, CFO Charles E. Mclaughlin sold 40,837 shares of Fortive stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $86.28, for a total value of $3,523,416.36. Following the sale, the chief financial officer now owns 61,855 shares of the company’s stock, valued at approximately $5,336,849.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stacey A. Walker sold 9,106 shares of Fortive stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $86.50, for a total value of $787,669.00. Following the completion of the sale, the senior vice president now directly owns 36,558 shares in the company, valued at approximately $3,162,267. The disclosure for this sale can be found here. Insiders have sold a total of 63,937 shares of company stock valued at $5,475,122 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on FTV shares. Wells Fargo & Company increased their target price on shares of Fortive from $79.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Barclays increased their target price on shares of Fortive from $89.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Mizuho increased their target price on shares of Fortive from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Vertical Research cut shares of Fortive from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Fortive has an average rating of “Moderate Buy” and an average price target of $86.54.

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.