YHB Investment Advisors Inc. Sells 2,180 Shares of Fortive Co. (NYSE:FTV)

YHB Investment Advisors Inc. cut its stake in Fortive Co. (NYSE:FTV) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,926 shares of the technology company’s stock after selling 2,180 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Fortive were worth $2,994,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Fortive during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its position 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after buying an additional 297 shares during the period. Albion Financial Group UT bought a new stake in shares of Fortive in the 4th quarter valued at $38,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Fortive during the 3rd quarter worth $41,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Stacey A. Walker sold 171,808 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $71.71, for a total value of $12,320,351.68. Following the completion of the sale, the senior vice president now owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.21. The trade was a 80.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Peter C. Underwood sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $76.58, for a total transaction of $382,900.00. Following the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at approximately $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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FTV shares. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays decreased their price objective on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Wells Fargo & Company upped 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, UBS Group started coverage on shares of Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective on the stock. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Fortive has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Fortive Stock Down 1.0 %

FTV stock opened at $79.75 on Tuesday. The company has a market cap of $27.67 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.15 and a beta of 1.14. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The business has a 50 day moving average price of $77.14 and a two-hundred day moving average price of $75.10. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts anticipate that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Announces Dividend

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

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.