18,265 Shares in Fortive Corp (FTV) Purchased by Mendel Money Management

Mendel Money Management acquired a new position in shares of Fortive Corp (NYSE:FTV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,265 shares of the technology company’s stock, valued at approximately $1,321,000. Fortive comprises 1.3% of Mendel Money Management’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in FTV. North Star Asset Management Inc. grew its stake in Fortive by 0.4% in the 2nd quarter. North Star Asset Management Inc. now owns 7,701 shares of the technology company’s stock valued at $488,000 after buying an additional 32 shares during the last quarter. J.P. Marvel Investment Advisors LLC grew its stake in Fortive by 0.5% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 16,785 shares of the technology company’s stock valued at $1,063,000 after buying an additional 90 shares during the last quarter. Virtu KCG Holdings LLC grew its stake in Fortive by 2.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 7,875 shares of the technology company’s stock valued at $499,000 after buying an additional 211 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Fortive by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,415 shares of the technology company’s stock valued at $723,000 after buying an additional 370 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC grew its stake in Fortive by 9.0% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 8,475 shares of the technology company’s stock valued at $600,000 after buying an additional 700 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

FTV has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, January 17th. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and issued a $81.00 price target on shares of Fortive in a research note on Friday, October 27th. UBS Group initiated coverage on shares of Fortive in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $88.00 price target on shares of Fortive in a research note on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fortive presently has a consensus rating of “Buy” and an average target price of $77.50.

Fortive Corp (NYSE:FTV) opened at $74.19 on Thursday. Fortive Corp has a 52-week low of $56.73 and a 52-week high of $76.68. The stock has a market cap of $25,785.89, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07.

Fortive (NYSE:FTV) last announced its earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. Fortive had a net margin of 15.69% and a return on equity of 30.54%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. sell-side analysts expect that Fortive Corp will post 3.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. Fortive’s payout ratio is presently 9.46%.

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Fortive 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.

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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