Fortive Corp (FTV) Holdings Trimmed by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL cut its holdings in shares of Fortive Corp (NYSE:FTV) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,712 shares of the technology company’s stock after selling 984 shares during the period. Gofen & Glossberg LLC IL’s holdings in Fortive were worth $2,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Fortive in the 3rd quarter valued at $135,000. Willingdon Wealth Management bought a new position in shares of Fortive in the 3rd quarter valued at $143,000. Westwood Holdings Group Inc. bought a new position in shares of Fortive in the 2nd quarter valued at $139,000. Sun Life Financial INC lifted its stake in shares of Fortive by 21,940.0% in the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after acquiring an additional 2,194 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new position in shares of Fortive in the 2nd quarter valued at $157,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.
A number of research analysts have recently commented on FTV shares. SunTrust Banks reiterated a “buy” rating and issued a $81.00 price target on shares of Fortive in a research note on Friday, October 27th. Citigroup increased their price target on Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $70.00 price target on shares of Fortive in a research note on Wednesday, October 11th. Argus upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Wednesday, January 3rd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $72.60.
In related news, SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total value of $346,139.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James A. Lico sold 50,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total value of $3,657,000.00. Following the completion of the sale, the insider now owns 166,014 shares of the company’s stock, valued at $12,142,263.96. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.
Shares of Fortive Corp (NYSE FTV) opened at $73.99 on Wednesday. The firm has a market capitalization of $25,882.72, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.29 and a beta of 0.44. Fortive Corp has a 1-year low of $53.59 and a 1-year high of $75.69. The company has a quick ratio of 1.54, a current ratio of 1.95 and a debt-to-equity ratio of 1.06.
Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Fortive had a return on equity of 31.67% and a net margin of 14.39%. Fortive’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. equities analysts anticipate that Fortive Corp will post 2.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, November 24th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Fortive’s payout ratio is 10.57%.
TRADEMARK VIOLATION NOTICE: “Fortive Corp (FTV) Holdings Trimmed by Gofen & Glossberg LLC IL” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/fortive-corp-ftv-holdings-trimmed-by-gofen-glossberg-llc-il/1810321.html.
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.
Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corp (NYSE:FTV).
Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with Analyst Ratings Network's FREE daily email newsletter.