Private Trust Co. NA Has $256,000 Stock Holdings in Fortive Co. (NYSE:FTV)

Private Trust Co. NA trimmed its stake in shares of Fortive Co. (NYSE:FTV) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,242 shares of the technology company’s stock after selling 444 shares during the quarter. Private Trust Co. NA’s holdings in Fortive were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FTV. Capital Performance Advisors LLP bought a new stake in Fortive in the third quarter valued at $25,000. Ridgewood Investments LLC bought a new stake in shares of Fortive in the 2nd quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Fortive during the 2nd quarter worth about $30,000. Goodman Advisory Group LLC bought a new position in Fortive during the 2nd quarter valued at about $31,000. Finally, Advisors Asset Management Inc. acquired a new position in Fortive in the first quarter valued at about $32,000. 94.94% of the stock is currently owned by institutional investors.

Fortive Trading Up 0.6 %

Shares of NYSE FTV opened at $79.40 on Friday. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The firm has a market capitalization of $27.55 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.19 and a beta of 1.13. The company’s 50 day simple moving average is $76.17 and its 200 day simple moving average is $74.25.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. On average, analysts predict that Fortive Co. will post 3.85 EPS for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

Analyst Ratings Changes

FTV has been the subject of several recent analyst reports. Raymond James raised shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Thursday, September 5th. Morgan Stanley began coverage on Fortive in a research report on Friday, September 6th. They issued an “overweight” rating and a $89.00 price objective for the company. Argus reissued a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Wells Fargo & Company lowered their target price on Fortive from $82.00 to $77.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group began coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Fortive currently has an average rating of “Moderate Buy” and an average price target of $87.82.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $76.58, for a total value of $382,900.00. Following the sale, the senior vice president now owns 48,346 shares of the company’s stock, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stacey A. Walker sold 171,808 shares of Fortive stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares in the company, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,895 shares of company stock valued at $14,261,051 over the last 90 days. 1.01% of the stock is owned by company insiders.

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.