Wilbanks Smith & Thomas Asset Management LLC continued to hold its stake in Fortive Corporation (NYSE:FTV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,456 shares of the technology company’s stock at the end of the second quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Fortive Corporation were worth $536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTV. Spot Trading L.L.C. purchased a new position in Fortive Corporation in the first quarter valued at about $637,000. Atlantic Trust Group LLC grew its stake in Fortive Corporation by 62.2% in the first quarter. Atlantic Trust Group LLC now owns 1,336,021 shares of the technology company’s stock valued at $80,455,000 after purchasing an additional 512,388 shares in the last quarter. Schroder Investment Management Group grew its stake in Fortive Corporation by 4.9% in the first quarter. Schroder Investment Management Group now owns 920,045 shares of the technology company’s stock valued at $54,853,000 after purchasing an additional 43,019 shares in the last quarter. Blair William & Co. IL grew its stake in Fortive Corporation by 8.9% in the first quarter. Blair William & Co. IL now owns 1,164,075 shares of the technology company’s stock valued at $69,492,000 after purchasing an additional 95,291 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Fortive Corporation by 149.5% in the first quarter. William Blair Investment Management LLC now owns 1,880,734 shares of the technology company’s stock valued at $113,258,000 after purchasing an additional 1,126,991 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.

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Fortive Corporation (NYSE FTV) traded up 0.51% during mid-day trading on Wednesday, hitting $72.29. The stock had a trading volume of 176,163 shares. Fortive Corporation has a 52 week low of $46.81 and a 52 week high of $72.37. The company has a market capitalization of $25.09 billion, a P/E ratio of 28.46 and a beta of 0.39. The stock’s 50-day moving average is $70.10 and its 200 day moving average is $70.10.

Fortive Corporation (NYSE:FTV) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Fortive Corporation had a return on equity of 32.88% and a net margin of 14.02%. Fortive Corporation’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Equities analysts forecast that Fortive Corporation will post $2.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, August 25th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, August 23rd. Fortive Corporation’s payout ratio is 11.02%.

In other news, CFO Charles E. Mclaughlin sold 6,565 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $66.09, for a total value of $433,880.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.10% of the stock is owned by company insiders.

A number of research analysts have commented on the company. Royal Bank Of Canada restated a “hold” rating and issued a $70.00 target price on shares of Fortive Corporation in a research note on Wednesday. Zacks Investment Research upgraded Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, July 24th. Morgan Stanley restated an “equal weight” rating on shares of Fortive Corporation in a research note on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and issued a $62.00 target price on shares of Fortive Corporation in a research note on Sunday, July 30th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $72.00 target price (up previously from $65.00) on shares of Fortive Corporation in a research note on Monday. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.50.

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.

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

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