Raymond James & Associates increased its holdings in shares of Fortive Corp (NYSE:FTV) by 6.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 191,837 shares of the technology company’s stock after purchasing an additional 11,736 shares during the period. Raymond James & Associates’ holdings in Fortive were worth $13,879,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Calton & Associates Inc. bought a new position in Fortive in the fourth quarter valued at about $107,000. Steward Partners Investment Advisory LLC bought a new position in Fortive in the third quarter valued at about $135,000. Tower Research Capital LLC TRC bought a new position in Fortive in the fourth quarter valued at about $184,000. Private Advisor Group LLC bought a new position in Fortive in the third quarter valued at about $200,000. Finally, Buckingham Asset Management LLC bought a new position in Fortive in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

Fortive stock opened at $78.35 on Thursday. Fortive Corp has a 1 year low of $58.15 and a 1 year high of $80.31. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 1.83. The stock has a market capitalization of $27,202.15, a PE ratio of 26.47, a PEG ratio of 2.37 and a beta of 0.42.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. research analysts predict that Fortive Corp will post 3.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. Fortive’s dividend payout ratio (DPR) is 9.46%.

Several research firms have commented on FTV. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Friday, March 9th. Barclays began coverage on Fortive in a research report on Thursday, February 15th. They issued an “overweight” rating and a $86.00 target price for the company. Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, February 14th. BMO Capital Markets dropped their target price on Fortive from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Fortive in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $77.50.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/fortive-corp-ftv-position-increased-by-raymond-james-associates/1957098.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).

Institutional Ownership by Quarter for Fortive (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 MarketBeat.com's FREE daily email newsletter.