Fortive Corporation $FTV Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its holdings in shares of Fortive Corporation (NYSE:FTV - Free Report) by 73.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,164 shares of the technology company's stock after selling 17,283 shares during the period. Coldstream Capital Management Inc.'s holdings in Fortive were worth $321,000 at the end of the most recent reporting period.

• Buying the Dip in Fortive Stock is a Strong Move

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Fortive by 97.1% in the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock valued at $428,000 after acquiring an additional 2,811 shares during the period. Mackenzie Financial Corp grew its stake in shares of Fortive by 10.8% during the 1st quarter. Mackenzie Financial Corp now owns 34,198 shares of the technology company's stock worth $2,503,000 after purchasing an additional 3,345 shares during the period. Meeder Advisory Services Inc. increased its holdings in shares of Fortive by 3.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 5,591 shares of the technology company's stock valued at $409,000 after purchasing an additional 199 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Fortive by 16.3% in the first quarter. Federated Hermes Inc. now owns 38,906 shares of the technology company's stock valued at $2,847,000 after purchasing an additional 5,452 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Fortive during the first quarter worth about $230,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Fortive Stock Performance

Fortive stock opened at $53.48 on Friday. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $83.32. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 3.21 and a beta of 1.16. The stock has a fifty day moving average of $50.20 and a two-hundred day moving average of $54.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.70.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The technology company reported $0.80 EPS for the quarter. The business had revenue of $1.07 billion for the quarter. Fortive had a return on equity of 12.04% and a net margin of 11.72%. On average, analysts anticipate that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 28th. Fortive's payout ratio is currently 13.71%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FTV. Morgan Stanley increased their target price on shares of Fortive from $50.00 to $53.00 and gave the company an "equal weight" rating in a report on Wednesday, November 5th. Barclays raised their price objective on Fortive from $54.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, October 30th. Zacks Research raised Fortive from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Citigroup upped their target price on Fortive from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, October 30th. Finally, Robert W. Baird lifted their price target on Fortive from $57.00 to $58.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $57.38.

Check Out Our Latest Stock Analysis on Fortive

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.

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