Fieldpoint Private Securities LLC raised its holdings in shares of Fortive Corp (NYSE:FTV) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the technology company’s stock after acquiring an additional 949 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Fortive were worth $401,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in FTV. Calton & Associates Inc. purchased a new position in Fortive during the 4th quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new position in Fortive during the 3rd quarter valued at about $135,000. Willingdon Wealth Management purchased a new position in Fortive during the 3rd quarter valued at about $143,000. Tower Research Capital LLC TRC purchased a new position in Fortive during the 4th quarter valued at about $184,000. Finally, Private Advisor Group LLC purchased a new position in Fortive during the 3rd quarter valued at about $200,000. 81.27% of the stock is currently owned by institutional investors.
Shares of Fortive Corp (NYSE:FTV) opened at $77.78 on Tuesday. Fortive Corp has a 1-year low of $58.15 and a 1-year high of $80.31. The company has a quick ratio of 1.47, a current ratio of 1.83 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $27,226.51, a P/E ratio of 26.28, a P/E/G ratio of 2.37 and a beta of 0.42.
Fortive (NYSE:FTV) last posted its earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $0.68 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. analysts predict that Fortive Corp will post 3.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 annualized dividend and a yield of 0.36%. Fortive’s dividend payout ratio (DPR) is currently 9.46%.
FTV has been the topic of several research analyst reports. Barclays initiated coverage on Fortive in a research note on Thursday, February 15th. They set an “overweight” rating and a $86.00 target price on the stock. BMO Capital Markets lowered their price target on Fortive from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Zacks Investment Research raised Fortive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Wednesday, February 14th. Citigroup boosted their price target on Fortive from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. cut Fortive from an “overweight” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Friday, March 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $77.50.
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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.
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