26,652 Shares in Fortive Corporation (FTV) Acquired by Emerald Advisers Inc. PA
Emerald Advisers Inc. PA acquired a new position in shares of Fortive Corporation (NYSE:FTV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,652 shares of the technology company’s stock, valued at approximately $1,887,000.
Other large investors also recently modified their holdings of the company. Jacobi Capital Management LLC lifted its position in shares of Fortive Corporation by 25.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock worth $104,000 after buying an additional 350 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Fortive Corporation during the 2nd quarter worth approximately $128,000. Westwood Holdings Group Inc. purchased a new stake in shares of Fortive Corporation during the 2nd quarter worth approximately $139,000. Sun Life Financial INC lifted its position in shares of Fortive Corporation by 21,940.0% during the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after buying an additional 2,194 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Fortive Corporation by 1.0% during the 2nd quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock worth $147,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.
In other news, SVP Stacey A. Walker sold 4,775 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were 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 SEC, which can be accessed through the SEC website. Also, CFO Charles E. Mclaughlin sold 6,565 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $66.09, for a total transaction of $433,880.85. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.
FTV has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $70.00 target price on shares of Fortive Corporation in a report on Wednesday, October 11th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $72.00 target price (up from $65.00) on shares of Fortive Corporation in a report on Monday, October 9th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $81.00 target price on shares of Fortive Corporation in a report on Friday, October 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $72.00 target price (up from $71.00) on shares of Fortive Corporation in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Fortive Corporation has an average rating of “Hold” and an average price target of $69.10.
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Fortive Corporation (NYSE FTV) opened at $73.64 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The company has a market cap of $25,594.24, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.55 and a beta of 0.37.
Fortive Corporation (NYSE:FTV) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. Fortive Corporation’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. research analysts anticipate that Fortive Corporation will post 2.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.28 annualized dividend and a yield of 0.38%. Fortive Corporation’s dividend payout ratio is currently 10.57%.
Fortive Corporation 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.
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