Dowling & Yahnke LLC lowered its stake in shares of Fortive Corp (NYSE:FTV) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,059 shares of the technology company’s stock after selling 743 shares during the period. Dowling & Yahnke LLC’s holdings in Fortive were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FTV. APG Asset Management N.V. boosted its stake in Fortive by 49.7% during the 3rd quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock valued at $154,483,000 after purchasing an additional 724,400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Fortive by 1,737.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 455,129 shares of the technology company’s stock valued at $32,218,000 after purchasing an additional 430,362 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Fortive by 106.3% during the 3rd quarter. Janus Henderson Group PLC now owns 821,560 shares of the technology company’s stock valued at $58,157,000 after purchasing an additional 423,247 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fortive by 14.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock valued at $155,332,000 after purchasing an additional 273,003 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Fortive during the 2nd quarter valued at about $17,098,000. Institutional investors and hedge funds own 78.96% of the company’s stock.

Fortive Corp (FTV) opened at $71.66 on Tuesday. Fortive Corp has a 1 year low of $54.88 and a 1 year high of $76.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. The company has a market cap of $26,188.57, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51.

The business also recently declared 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 is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. Fortive’s dividend payout ratio (DPR) is presently 10.57%.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets reissued a “buy” rating and set a $88.00 target price on shares of Fortive in a research report on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and set a $79.00 target price on shares of Fortive in a research report on Thursday, January 4th. Finally, UBS Group assumed coverage on shares of Fortive in a research report on Monday, January 22nd. They set a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.30.

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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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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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