Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 4,882 Shares of Fortive Co. (NYSE:FTV)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in Fortive Co. (NYSE:FTV) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,891 shares of the technology company’s stock after selling 4,882 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Fortive were worth $949,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC boosted its holdings in shares of Fortive by 3.6% in the third quarter. Private Advisor Group LLC now owns 3,899 shares of the technology company’s stock valued at $308,000 after buying an additional 135 shares during the period. Wedmont Private Capital boosted its stake in Fortive by 4.3% in the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company’s stock worth $252,000 after purchasing an additional 137 shares during the period. Patton Albertson Miller Group LLC increased its holdings in Fortive by 1.7% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 8,854 shares of the technology company’s stock worth $699,000 after purchasing an additional 150 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Fortive by 3.4% in the 3rd quarter. Andina Capital Management LLC now owns 4,585 shares of the technology company’s stock valued at $362,000 after purchasing an additional 152 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Fortive by 1.6% in the third quarter. Atria Investments Inc now owns 10,591 shares of the technology company’s stock valued at $836,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of research reports. UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 price objective for the company. Wells Fargo & Company lifted 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. Barclays reduced their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Truist Financial lifted their price target on shares of Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Argus restated a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Fortive has an average rating of “Moderate Buy” and an average price target of $86.45.

Fortive Trading Down 0.9 %

Fortive stock opened at $79.12 on Monday. The stock has a 50-day simple moving average of $77.65 and a 200 day simple moving average of $75.36. The stock has a market capitalization of $27.45 billion, a P/E ratio of 31.52, a PEG ratio of 2.14 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10.

Fortive (NYSE:FTV) last issued its earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the prior year, the company posted $0.98 earnings per share. Analysts expect that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive’s payout ratio is presently 12.75%.

About Fortive

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.