Middleton & Co. Inc. MA Acquires 1,073 Shares of Fortive Co. (NYSE:FTV)

Middleton & Co. Inc. MA raised its holdings in Fortive Co. (NYSE:FTV) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,908 shares of the technology company’s stock after purchasing an additional 1,073 shares during the period. Middleton & Co. Inc. MA’s holdings in Fortive were worth $10,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FTV. Ballentine Partners LLC increased its position in shares of Fortive by 4.7% in the third quarter. Ballentine Partners LLC now owns 6,745 shares of the technology company’s stock worth $532,000 after purchasing an additional 300 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in shares of Fortive by 21.5% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,571 shares of the technology company’s stock worth $519,000 after acquiring an additional 1,162 shares during the period. Dakota Wealth Management boosted its position in shares of Fortive by 1.6% during the 3rd quarter. Dakota Wealth Management now owns 11,764 shares of the technology company’s stock worth $929,000 after acquiring an additional 185 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Fortive by 12.5% in the third quarter. Assenagon Asset Management S.A. now owns 43,684 shares of the technology company’s stock valued at $3,448,000 after acquiring an additional 4,840 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in Fortive by 2.2% during the third quarter. IFM Investors Pty Ltd now owns 48,040 shares of the technology company’s stock valued at $3,792,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Trading Down 0.1 %

Shares of FTV stock opened at $74.96 on Friday. Fortive Co. has a 1-year low of $63.50 and a 1-year high of $87.10. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.24 and a beta of 1.12. The stock has a 50-day moving average of $75.05 and a 200-day moving average of $74.89.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, July 24th. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Fortive had a net margin of 14.39% and a return on equity of 12.32%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities research analysts forecast that Fortive Co. will post 3.82 earnings per share for the current year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 17th were issued a $0.08 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s payout ratio is 12.65%.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Fortive from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Truist Financial boosted their target price on Fortive from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $77.00 price target on shares of Fortive in a research note on Friday, September 6th. Mizuho upgraded shares of Fortive from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $90.00 in a research report on Friday, September 6th. Finally, TD Cowen upgraded shares of Fortive from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $90.00 in a research report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and an average price target of $87.36.

Insider Activity at Fortive

In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.03, for a total transaction of $508,141.92. Following the completion of the sale, the chief financial officer now directly owns 73,391 shares in the company, valued at approximately $5,433,135.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.03, for a total transaction of $508,141.92. Following the transaction, the chief financial officer now directly owns 73,391 shares in the company, valued at approximately $5,433,135.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the sale, the senior vice president now directly owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.01% of the stock is owned by company insiders.

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.