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Fortive Corporation (NYSE:FTV) insiders' US$1.0m purchase saw a boost of US$76k after market cap rose US$701m

1
Simply Wall St
·3 min read

Insiders who bought Fortive Corporation (NYSE:FTV) stock in the last 12 months were richly rewarded last week. The company's market value increased by US$701m as a result of the stock's 3.2% gain over the same period. As a result, the stock they originally bought for US$1.0m is now worth US$1.1m.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Fortive

The Last 12 Months Of Insider Transactions At Fortive

Over the last year, we can see that the biggest insider purchase was by Independent Chairman of the Board Alan Spoon for US$1.0m worth of shares, at about US$58.54 per share. That implies that an insider found the current price of US$62.64 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Fortive insider decided to buy shares at close to current prices. Alan Spoon was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

Fortive is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Fortive Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Fortive insiders own about US$582m worth of shares (which is 2.6% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Fortive Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Judging from their transactions, and high insider ownership, Fortive insiders feel good about the company's future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Fortive has 1 warning sign we think you should be aware of.

Of course Fortive may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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