US Bancorp DE grew its holdings in shares of Fortive Corp (NYSE:FTV) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,305 shares of the technology company’s stock after purchasing an additional 2,671 shares during the period. US Bancorp DE’s holdings in Fortive were worth $15,797,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Vanguard Group Inc raised its position in shares of Fortive by 0.9% in the third quarter. Vanguard Group Inc now owns 22,405,241 shares of the technology company’s stock worth $1,890,330,000 after acquiring an additional 203,786 shares during the period. Strs Ohio raised its position in shares of Fortive by 26.8% in the fourth quarter. Strs Ohio now owns 42,158 shares of the technology company’s stock worth $2,852,000 after acquiring an additional 8,910 shares during the period. IFM Investors Pty Ltd raised its position in shares of Fortive by 6.9% in the fourth quarter. IFM Investors Pty Ltd now owns 17,298 shares of the technology company’s stock worth $1,170,000 after acquiring an additional 1,111 shares during the period. Sumitomo Life Insurance Co. raised its position in shares of Fortive by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 24,504 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 592 shares during the period. Finally, Baystate Wealth Management LLC raised its position in shares of Fortive by 837.8% in the fourth quarter. Baystate Wealth Management LLC now owns 347 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the period. 86.89% of the stock is currently owned by institutional investors.
In related news, VP Emily A. Weaver sold 600 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $85.53, for a total transaction of $51,318.00. Following the completion of the transaction, the vice president now owns 9,796 shares in the company, valued at approximately $837,851.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Emily A. Weaver sold 519 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $80.98, for a total transaction of $42,028.62. Following the transaction, the vice president now owns 8,627 shares of the company’s stock, valued at approximately $698,614.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,684 shares of company stock valued at $3,213,523. Insiders own 12.70% of the company’s stock.
Shares of FTV traded down $0.11 during mid-day trading on Friday, hitting $78.39. 11,374 shares of the company were exchanged, compared to its average volume of 1,443,542. Fortive Corp has a 1-year low of $62.89 and a 1-year high of $89.48. The company has a quick ratio of 1.97, a current ratio of 2.20 and a debt-to-equity ratio of 0.69. The company has a market cap of $26.77 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13.
Fortive (NYSE:FTV) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. Fortive had a net margin of 39.98% and a return on equity of 19.44%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Fortive Corp will post 3.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.36%. Fortive’s dividend payout ratio (DPR) is presently 9.15%.
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Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.
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