Timber Creek Capital Management LLC Has $3.77 Million Holdings in Fortive Corporation $FTV

Timber Creek Capital Management LLC boosted its holdings in Fortive Corporation (NYSE:FTV) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,822 shares of the technology company’s stock after purchasing an additional 3,929 shares during the period. Timber Creek Capital Management LLC’s holdings in Fortive were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Accent Capital Management LLC bought a new position in shares of Fortive in the 1st quarter valued at about $26,000. True Wealth Design LLC increased its position in shares of Fortive by 815.4% during the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after purchasing an additional 424 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares in the last quarter. Capital Analysts LLC raised its stake in shares of Fortive by 41.0% during the 1st quarter. Capital Analysts LLC now owns 523 shares of the technology company’s stock worth $38,000 after purchasing an additional 152 shares in the last quarter. Finally, Banque Transatlantique SA boosted its holdings in shares of Fortive by 92.8% in the 1st quarter. Banque Transatlantique SA now owns 561 shares of the technology company’s stock valued at $38,000 after buying an additional 270 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Fortive

In other Fortive news, SVP Stacey A. Walker sold 2,192 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $50.35, for a total transaction of $110,367.20. Following the sale, the senior vice president owned 59,488 shares of the company’s stock, valued at approximately $2,995,220.80. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Fortive from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Morgan Stanley upped their target price on shares of Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Citigroup lifted their price target on Fortive from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Wall Street Zen raised Fortive to a “hold” rating in a research report on Friday, September 5th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $58.00 price objective (up from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.38.

Fortive Stock Down 0.5%

Shares of FTV opened at $52.55 on Tuesday. The firm’s 50-day simple moving average is $49.82 and its 200 day simple moving average is $55.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.70. The firm has a market cap of $16.69 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 3.18 and a beta of 1.16. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $83.32.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Monday, June 9th. The technology company reported $0.80 earnings per share for the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. The business had revenue of $1.07 billion during the quarter. On average, analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 28th. Fortive’s dividend payout ratio (DPR) is presently 13.71%.

Fortive Company 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.