Page Arthur B boosted its holdings in shares of Fortive Corporation (NYSE:FTV) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,677 shares of the technology company’s stock after buying an additional 2,180 shares during the period. Fortive Corporation makes up 1.4% of Page Arthur B’s holdings, making the stock its 28th largest position. Page Arthur B’s holdings in Fortive Corporation were worth $1,605,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in FTV. Spot Trading L.L.C. acquired a new position in Fortive Corporation during the 1st quarter valued at about $637,000. OppenheimerFunds Inc. grew its stake in Fortive Corporation by 2.9% during the 1st quarter. OppenheimerFunds Inc. now owns 13,074 shares of the technology company’s stock valued at $787,000 after purchasing an additional 373 shares during the last quarter. Parallel Advisors LLC grew its stake in Fortive Corporation by 9.8% during the 1st quarter. Parallel Advisors LLC now owns 3,388 shares of the technology company’s stock valued at $212,000 after purchasing an additional 302 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Fortive Corporation by 93.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 50,600 shares of the technology company’s stock valued at $3,050,000 after purchasing an additional 24,500 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Fortive Corporation by 21.9% during the 1st quarter. Lazard Asset Management LLC now owns 73,875 shares of the technology company’s stock valued at $4,448,000 after purchasing an additional 13,275 shares during the last quarter. 79.13% of the stock is currently owned by institutional investors.
Several analysts have weighed in on FTV shares. Royal Bank Of Canada reiterated a “hold” rating and set a $70.00 price target on shares of Fortive Corporation in a research note on Wednesday, October 11th. Citigroup Inc. restated a “neutral” rating and issued a $72.00 target price (up previously from $65.00) on shares of Fortive Corporation in a research note on Monday, October 9th. Zacks Investment Research downgraded Fortive Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $81.00 target price on shares of Fortive Corporation in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $62.00 target price on shares of Fortive Corporation in a research note on Sunday, July 30th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.10.
Fortive Corporation (FTV) opened at $72.67 on Wednesday. Fortive Corporation has a fifty-two week low of $52.99 and a fifty-two week high of $74.38. The company has a market capitalization of $25,232.79, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06.
Fortive Corporation (NYSE:FTV) last announced its earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Fortive Corporation had a return on equity of 31.67% and a net margin of 14.39%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. equities research analysts expect that Fortive Corporation will post 2.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. Fortive Corporation’s dividend payout ratio is presently 10.57%.
In other Fortive Corporation news, SVP Stacey A. Walker sold 4,775 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total transaction of $346,139.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James A. Lico sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total value of $3,657,000.00. Following the sale, the insider now directly owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by company insiders.
Fortive Corporation Company Profile
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
Receive News & Ratings for Fortive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive Corporation and related companies with MarketBeat.com's FREE daily email newsletter.