Nisa Investment Advisors LLC Raises Stock Holdings in Fortive Co. (NYSE:FTV)

Nisa Investment Advisors LLC boosted its stake in shares of Fortive Co. (NYSE:FTV) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,614 shares of the technology company’s stock after buying an additional 1,110 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fortive were worth $7,246,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Fortive during the third quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in Fortive during the 2nd quarter worth approximately $31,000. Pinnacle Bancorp Inc. boosted its position in Fortive by 71.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 176 shares during the period. Versant Capital Management Inc grew its stake in shares of Fortive by 186.8% in the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after acquiring an additional 297 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Fortive during the third quarter worth $41,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Stock Performance

Shares of FTV stock opened at $80.55 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $87.10. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. The stock has a 50 day simple moving average of $77.03 and a 200-day simple moving average of $75.02.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. Fortive’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. On average, equities analysts forecast that Fortive Co. will post 3.84 EPS for the current year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s payout ratio is 12.75%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTV shares. JPMorgan Chase & Co. lowered their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Argus reaffirmed a “hold” rating on shares of Fortive in a report on Monday, November 18th. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company raised their price objective 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, Truist Financial boosted their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.45.

Insider Buying and Selling at Fortive

In other news, SVP Stacey A. Walker sold 171,808 shares of the firm’s 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 transaction, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at $3,058,503.21. This trade represents a 80.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Peter C. Underwood sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were 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 in the company, valued at approximately $3,702,336.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate 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.