Checchi Capital Advisers LLC Buys Shares of 2,837 Fortive Corporation (FTV)
Checchi Capital Advisers LLC bought a new stake in shares of Fortive Corporation (NYSE:FTV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,837 shares of the technology company’s stock, valued at approximately $201,000.
Other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC increased 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 valued at $104,000 after purchasing an additional 350 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in Fortive Corporation in the 2nd quarter worth about $128,000. Westwood Holdings Group Inc. purchased a new stake in Fortive Corporation in the 2nd quarter worth about $139,000. Sun Life Financial INC increased its holdings in Fortive Corporation by 21,940.0% in the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,194 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Fortive Corporation by 1.0% in the 2nd quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock worth $147,000 after acquiring an additional 23 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Stacey A. Walker sold 4,775 shares of Fortive Corporation stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total transaction of $346,139.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $66.09, for a total value of $433,880.85. The disclosure for this sale can be found here. 12.10% of the stock is owned by company insiders.
Shares of Fortive Corporation (NYSE:FTV) traded up $0.38 during midday trading on Tuesday, reaching $73.21. The company’s stock had a trading volume of 374,565 shares, compared to its average volume of 1,150,000. Fortive Corporation has a fifty-two week low of $51.03 and a fifty-two week high of $74.38. 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 $25,440.00 and a P/E ratio of 26.68.
Fortive Corporation (NYSE:FTV) last issued its earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. Fortive Corporation had a return on equity of 31.67% and a net margin of 14.39%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. equities research analysts predict that Fortive Corporation will post 2.85 EPS for the current fiscal year.
The business also recently announced 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%.
Several equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Fortive Corporation from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Citigroup Inc. lifted their price objective on Fortive Corporation from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $81.00 price objective on shares of Fortive Corporation in a report on Friday, October 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $70.00 price objective on shares of Fortive Corporation in a report on Wednesday, October 11th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $72.00 price objective (up previously from $71.00) on shares of Fortive Corporation in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fortive Corporation has a consensus rating of “Hold” and an average target price of $69.10.
About Fortive Corporation
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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