4,594 Shares in Fortive Corporation (FTV) Acquired by Fieldpoint Private Securities LLC
Fieldpoint Private Securities LLC bought a new position in shares of Fortive Corporation (NYSE:FTV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,594 shares of the technology company’s stock, valued at approximately $325,000.
Several other institutional investors have also modified their holdings of FTV. BDO Wealth Advisors LLC purchased a new position in Fortive in the second quarter valued at $128,000. Westwood Holdings Group Inc. purchased a new position in Fortive in the second quarter valued at $139,000. Sun Life Financial INC increased its holdings in Fortive by 21,940.0% in the second quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after buying an additional 2,194 shares in the last quarter. Willingdon Wealth Management purchased a new position in Fortive in the third quarter valued at $143,000. Finally, Captrust Financial Advisors purchased a new position in Fortive in the second quarter valued at $147,000. 78.96% of the stock is owned by hedge funds and other institutional investors.
Fortive Corporation (NYSE FTV) opened at $72.41 on Thursday. The firm has a market cap of $25,204.98, a PE ratio of 26.27, a P/E/G ratio of 2.50 and a beta of 0.38. Fortive Corporation has a 52-week low of $52.99 and a 52-week high of $75.69. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95.
Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. Fortive had a net margin of 14.39% and a return on equity of 31.67%. Fortive’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. analysts anticipate that Fortive Corporation will post 2.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. Fortive’s payout ratio is presently 10.57%.
A number of research firms have recently commented on FTV. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, September 26th. ValuEngine cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Morgan Stanley reissued an “equal weight” rating and set a $72.00 target price (up previously from $71.00) on shares of Fortive in a research note on Monday, October 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Fortive from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.27.
In other Fortive news, SVP Stacey A. Walker sold 4,775 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total value of $346,139.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James A. Lico sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the transaction, the insider now owns 166,014 shares in the company, valued at $12,142,263.96. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.
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Fortive Company 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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