TD Private Client Wealth LLC Has $1.29 Million Stock Holdings in Fortive Co. (NYSE:FTV)

TD Private Client Wealth LLC trimmed its holdings in shares of Fortive Co. (NYSE:FTV) by 29.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,139 shares of the technology company’s stock after selling 7,298 shares during the period. TD Private Client Wealth LLC’s holdings in Fortive were worth $1,285,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Empowered Funds LLC raised its holdings in shares of Fortive by 3.3% in the 3rd quarter. Empowered Funds LLC now owns 5,410 shares of the technology company’s stock valued at $427,000 after purchasing an additional 174 shares during the period. Natixis Advisors LLC raised its holdings in shares of Fortive by 1.7% in the 3rd quarter. Natixis Advisors LLC now owns 43,593 shares of the technology company’s stock valued at $3,441,000 after purchasing an additional 737 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Fortive by 349.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,974 shares of the technology company’s stock valued at $393,000 after purchasing an additional 3,867 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Fortive by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,964,789 shares of the technology company’s stock valued at $155,081,000 after purchasing an additional 24,539 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of Fortive by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 10,404 shares of the technology company’s stock valued at $821,000 after purchasing an additional 468 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Stacey A. Walker sold 5,688 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the sale, the senior vice president now owns 47,141 shares in the company, valued at approximately $3,795,793.32. This trade represents a 10.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Charles E. Mclaughlin sold 32,085 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $78.86, for a total transaction of $2,530,223.10. Following the sale, the chief financial officer now owns 76,126 shares in the company, valued at $6,003,296.36. This represents a 29.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,385 shares of company stock worth $19,508,529. Corporate insiders own 1.01% of the company’s stock.

Fortive Stock Up 0.2 %

Shares of FTV opened at $74.84 on Friday. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $86.21. The firm’s 50 day moving average is $78.65 and its 200-day moving average is $76.86. The stock has a market capitalization of $25.47 billion, a PE ratio of 31.71, a P/E/G ratio of 2.68 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 13.36% and a return on equity of 13.15%. During the same quarter last year, the business posted $0.98 EPS. Equities research analysts forecast that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.43%. Fortive’s dividend payout ratio is 13.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and lowered their price target for the company from $92.00 to $86.00 in a report on Monday, December 9th. Truist Financial increased their price target on shares of Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company increased their price target on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.64.

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.