MUFG Securities EMEA plc Has $7.25 Million Position in Fortive Corporation $FTV

MUFG Securities EMEA plc lifted its position in Fortive Corporation (NYSE:FTV) by 10.3% during the second quarter, HoldingsChannel.com reports. The fund owned 138,999 shares of the technology company’s stock after purchasing an additional 12,999 shares during the period. MUFG Securities EMEA plc’s holdings in Fortive were worth $7,246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FTV. Brighton Jones LLC raised its holdings in Fortive by 97.1% in the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after purchasing an additional 2,811 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Fortive by 11.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,793 shares of the technology company’s stock worth $790,000 after buying an additional 1,076 shares during the period. Mather Group LLC. lifted its holdings in Fortive by 117.1% during the first quarter. Mather Group LLC. now owns 1,552 shares of the technology company’s stock worth $114,000 after acquiring an additional 837 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Fortive by 18.5% in the first quarter. IFM Investors Pty Ltd now owns 48,040 shares of the technology company’s stock valued at $3,792,000 after acquiring an additional 7,499 shares during the period. Finally, Brookstone Capital Management bought a new stake in shares of Fortive in the first quarter worth about $3,542,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FTV. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target (down previously from $90.00) on shares of Fortive in a research report on Tuesday, September 2nd. Zacks Research upgraded shares of Fortive from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Royal Bank Of Canada cut their price target on shares of Fortive from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Fortive from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, TD Cowen lowered shares of Fortive from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $50.00 in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, Fortive currently has a consensus rating of “Hold” and a consensus target price of $60.79.

Fortive Price Performance

Shares of FTV opened at $50.34 on Friday. The stock has a market capitalization of $15.99 billion, a P/E ratio of 28.77, a P/E/G ratio of 3.02 and a beta of 1.15. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $83.32. The company has a 50 day moving average of $48.83 and a 200-day moving average of $57.02. The company has a quick ratio of 0.82, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Monday, June 9th. The technology company reported $0.80 EPS for the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. The business had revenue of $1.07 billion for the quarter. As a group, equities research analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.24 annualized dividend and a yield of 0.5%. Fortive’s payout ratio is 13.71%.

Fortive Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.