Tandem Capital Management Corp ADV Trims Stock Position in Fortive Co. (NYSE:FTV)

Tandem Capital Management Corp ADV trimmed its stake in Fortive Co. (NYSE:FTV) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,669 shares of the technology company’s stock after selling 1,587 shares during the period. Tandem Capital Management Corp ADV’s holdings in Fortive were worth $2,105,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FTV. Ridgewood Investments LLC purchased a new stake in shares of Fortive in the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of Fortive in the 2nd quarter worth about $30,000. Goodman Advisory Group LLC bought a new position in Fortive in the 2nd quarter worth about $31,000. Advisors Asset Management Inc. purchased a new stake in Fortive during the 1st quarter valued at about $32,000. Finally, Pinnacle Bancorp Inc. increased its stake in Fortive by 71.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 424 shares of the technology company’s stock valued at $33,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Fortive

In other Fortive news, SVP Jonathan L. Schwarz sold 14,223 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total transaction of $1,049,657.40. Following the sale, the senior vice president now owns 68,161 shares of the company’s stock, valued at approximately $5,030,281.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Charles E. Mclaughlin sold 6,864 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.03, for a total value of $508,141.92. Following the completion of the sale, the chief financial officer now owns 73,391 shares in the company, valued at approximately $5,433,135.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan L. Schwarz sold 14,223 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total value of $1,049,657.40. Following the completion of the sale, the senior vice president now directly owns 68,161 shares of the company’s stock, valued at $5,030,281.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Fortive Stock Down 3.4 %

NYSE FTV opened at $72.08 on Thursday. The firm has a market cap of $25.37 billion, a PE ratio of 28.49, a P/E/G ratio of 2.21 and a beta of 1.12. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $75.33 and its 200-day simple moving average is $74.57. Fortive Co. has a 52 week low of $64.44 and a 52 week high of $87.10.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, September 13th. Fortive’s dividend payout ratio is currently 12.65%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FTV shares. Royal Bank of Canada reissued a “sector perform” rating and set a $77.00 price objective on shares of Fortive in a report on Friday, September 6th. Mizuho raised Fortive from a “neutral” rating to an “outperform” rating and increased their price target for the company from $80.00 to $90.00 in a report on Friday, September 6th. Morgan Stanley initiated coverage on Fortive in a research report on Friday, September 6th. They set an “overweight” rating and a $89.00 price objective for the company. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research report on Thursday, September 5th. Finally, Wolfe Research lowered shares of Fortive from an “outperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.10.

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.