Hillsdale Investment Management Inc. Has $704,000 Holdings in Fortive Co. (NYSE:FTV)

Hillsdale Investment Management Inc. lifted its stake in shares of Fortive Co. (NYSE:FTV) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,380 shares of the technology company’s stock after purchasing an additional 400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Fortive were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FTV. Whipplewood Advisors LLC acquired a new position in shares of Fortive during the fourth quarter worth $31,000. Versant Capital Management Inc increased its holdings in shares of Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after buying an additional 297 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Fortive during the fourth quarter worth $37,000. Albion Financial Group UT acquired a new position in shares of Fortive during the fourth quarter worth $38,000. Finally, Dakota Community Bank & Trust NA increased its holdings in shares of Fortive by 28.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 786 shares of the technology company’s stock worth $59,000 after buying an additional 175 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fortive

In other news, CEO James A. Lico sold 196,117 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $80.38, for a total transaction of $15,763,884.46. Following the transaction, the chief executive officer now owns 528,851 shares of the company’s stock, valued at $42,509,043.38. This represents a 27.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacey A. Walker sold 5,688 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $80.52, for a total transaction of $457,997.76. Following the completion of the transaction, the senior vice president now directly owns 47,141 shares in the company, valued at approximately $3,795,793.32. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 243,385 shares of company stock valued at $19,508,529 in the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTV. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Barclays decreased their price objective on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on Fortive from $77.00 to $85.00 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, Truist Financial increased their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.64.

Fortive Stock Performance

Shares of FTV opened at $74.84 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $25.47 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. The firm’s fifty day simple moving average is $78.65 and its two-hundred day simple moving average is $76.90. Fortive Co. has a 12 month low of $66.15 and a 12 month high of $86.21.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $0.98 EPS. As a group, analysts predict that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

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 dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. Fortive’s dividend payout ratio (DPR) is presently 13.56%.

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.