Bailard Inc. Sells 4,294 Shares of Fortive Corp (FTV)

Bailard Inc. lessened its holdings in Fortive Corp (NYSE:FTV) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,819 shares of the technology company’s stock after selling 4,294 shares during the quarter. Bailard Inc.’s holdings in Fortive were worth $2,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FTV. Bessemer Group Inc. boosted its stake in Fortive by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 3,852,139 shares of the technology company’s stock worth $278,702,000 after acquiring an additional 14,898 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fortive by 14.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock worth $155,332,000 after acquiring an additional 273,003 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Fortive by 3.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,206,402 shares of the technology company’s stock worth $156,191,000 after acquiring an additional 80,482 shares during the last quarter. APG Asset Management N.V. boosted its stake in Fortive by 49.7% during the 3rd quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock worth $154,483,000 after acquiring an additional 724,400 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Fortive by 9.0% during the 3rd quarter. Legal & General Group Plc now owns 1,614,107 shares of the technology company’s stock worth $114,261,000 after acquiring an additional 133,704 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors.

Shares of Fortive Corp (FTV) opened at $74.19 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 1.83. The company 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. Fortive Corp has a fifty-two week low of $56.73 and a fifty-two week high of $76.68.

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

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

FTV has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, January 17th. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reissued a “buy” rating and set a $81.00 price objective 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 set a “buy” rating on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $88.00 price objective on shares of Fortive in a research note on Friday, January 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $75.50.

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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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