RDA Financial Network Acquires 269 Shares of Fortive Co. (NYSE:FTV)

RDA Financial Network increased its holdings in shares of Fortive Co. (NYSE:FTV) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,796 shares of the technology company’s stock after buying an additional 269 shares during the period. RDA Financial Network’s holdings in Fortive were worth $360,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FTV. Capital Performance Advisors LLP acquired a new stake in Fortive during the 3rd quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of Fortive in the 2nd quarter worth $31,000. Pinnacle Bancorp Inc. grew its stake in shares of Fortive by 71.0% during the third quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company’s stock worth $33,000 after purchasing an additional 176 shares during the period. Versant Capital Management Inc increased its holdings in Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Fortive in the third quarter valued at about $41,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 171,808 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $71.71, for a total transaction of $12,320,351.68. Following the sale, the senior vice president now owns 42,651 shares in the company, valued at $3,058,503.21. This represents a 80.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Peter C. Underwood sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the transaction, the senior vice president now directly owns 48,346 shares of the company’s stock, valued at $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FTV shares. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and lowered their target price for the company from $92.00 to $86.00 in a research note on Monday, December 9th. Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Wells Fargo & Company boosted their price target on shares of Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.45.

Fortive Stock Performance

FTV opened at $79.00 on Friday. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.92 and a beta of 1.14. The business’s 50-day moving average price is $76.61 and its two-hundred day moving average price is $74.76. Fortive Co. has a 1 year low of $66.15 and a 1 year 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.

Fortive (NYSE:FTV) last announced its earnings results 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. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $0.85 EPS. Fortive’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, November 29th. Fortive’s dividend payout ratio (DPR) is currently 12.75%.

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.