First American Bank increased its position in shares of Fortive Corporation (NYSE:FTV) by 22.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,946 shares of the technology company’s stock after buying an additional 9,568 shares during the period. First American Bank’s holdings in Fortive Corporation were worth $3,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of Fortive Corporation by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 1,991 shares of the technology company’s stock worth $112,000 after buying an additional 7 shares during the period. Advisor Partners LLC raised its position in shares of Fortive Corporation by 0.7% in the first quarter. Advisor Partners LLC now owns 7,150 shares of the technology company’s stock worth $431,000 after buying an additional 51 shares during the period. Atria Investments LLC raised its position in shares of Fortive Corporation by 1.6% in the first quarter. Atria Investments LLC now owns 4,509 shares of the technology company’s stock worth $272,000 after buying an additional 73 shares during the period. Advantus Capital Management Inc raised its position in shares of Fortive Corporation by 0.4% in the first quarter. Advantus Capital Management Inc now owns 30,300 shares of the technology company’s stock worth $1,825,000 after buying an additional 110 shares during the period. Finally, Nwam LLC raised its position in shares of Fortive Corporation by 2.8% in the first quarter. Nwam LLC now owns 4,519 shares of the technology company’s stock worth $272,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 79.15% of the company’s stock.

Shares of Fortive Corporation (NYSE FTV) opened at 64.56 on Monday. Fortive Corporation has a 12-month low of $46.81 and a 12-month high of $65.21. The company has a market cap of $22.38 billion and a P/E ratio of 25.33. The firm has a 50-day moving average of $63.14 and a 200-day moving average of $59.09. Fortive Corporation also was the recipient of unusually large options trading activity on Friday. Traders acquired 4,035 put options on the stock. This represents an increase of approximately 956% compared to the typical volume of 382 put options.

Fortive Corporation (NYSE:FTV) last posted its earnings results on Thursday, April 27th. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortive Corporation had a net margin of 14.16% and a return on equity of 34.24%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Analysts predict that Fortive Corporation will post $2.75 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “First American Bank Has $3.35 Million Stake in Fortive Corporation (NYSE:FTV)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/first-american-bank-has-3-35-million-stake-in-fortive-corporation-nyseftv/1444598.html.

A number of brokerages recently commented on FTV. Barclays PLC set a $66.00 price target on shares of Fortive Corporation and gave the company a “buy” rating in a research note on Sunday, April 30th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Fortive Corporation in a research note on Monday, May 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of Fortive Corporation in a research note on Tuesday, July 11th. Zacks Investment Research lowered shares of Fortive Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, Cowen and Company upped their price target on shares of Fortive Corporation from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, April 19th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.92.

In other news, VP Emily A. Weaver sold 3,749 shares of Fortive Corporation stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total value of $233,450.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James A. Lico sold 131,994 shares of Fortive Corporation stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $62.34, for a total transaction of $8,228,505.96. Following the completion of the transaction, the insider now owns 191,101 shares of the company’s stock, valued at approximately $11,913,236.34. The disclosure for this sale can be found here. Insiders sold 147,385 shares of company stock valued at $9,187,369 in the last quarter.

Fortive Corporation 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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corporation (NYSE:FTV).

Institutional Ownership by Quarter for Fortive Corporation (NYSE:FTV)

Receive News & Ratings for Fortive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.