Dowling & Yahnke LLC lowered its position in shares of Fortive Corporation (NYSE:FTV) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,224 shares of the technology company’s stock after selling 256 shares during the period. Dowling & Yahnke LLC’s holdings in Fortive Corporation were worth $964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTV. Hutchens Investment Management Inc raised its position in Fortive Corporation by 132.6% in the first quarter. Hutchens Investment Management Inc now owns 30,397 shares of the technology company’s stock worth $1,830,000 after buying an additional 17,331 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Fortive Corporation by 93.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 50,600 shares of the technology company’s stock worth $3,050,000 after buying an additional 24,500 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Fortive Corporation by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 60,850 shares of the technology company’s stock worth $3,664,000 after buying an additional 26,311 shares during the last quarter. Nationwide Fund Advisors raised its position in Fortive Corporation by 2.3% in the first quarter. Nationwide Fund Advisors now owns 275,908 shares of the technology company’s stock worth $16,615,000 after buying an additional 6,319 shares during the last quarter. Finally, Ledyard National Bank raised its position in Fortive Corporation by 14.0% in the second quarter. Ledyard National Bank now owns 2,706 shares of the technology company’s stock worth $171,000 after buying an additional 333 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors.

Shares of Fortive Corporation (NYSE:FTV) opened at 66.12 on Wednesday. The firm has a 50-day moving average of $64.54 and a 200 day moving average of $61.48. The company has a market cap of $22.95 billion, a price-to-earnings ratio of 26.04 and a beta of 0.23. Fortive Corporation has a 12 month low of $46.81 and a 12 month high of $67.48.

Fortive Corporation (NYSE:FTV) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.64 EPS. Fortive Corporation’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Fortive Corporation will post $2.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortive Corporation’s dividend payout ratio (DPR) is 11.02%.

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FTV has been the topic of a number of recent analyst reports. Morgan Stanley lowered shares of Fortive Corporation from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $61.00 to $65.00 in a research report on Tuesday, May 2nd. They noted that the move was a valuation call. Cowen and Company raised 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 report on Wednesday, April 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $66.00 price target (up from $65.00) on shares of Fortive Corporation in a research report on Sunday, July 30th. Stifel Nicolaus reissued a “hold” rating and set a $62.00 price target on shares of Fortive Corporation in a research report on Sunday, July 30th. Finally, Zacks Investment Research lowered shares of Fortive Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.82.

In other Fortive Corporation news, VP Raj Ratnakar sold 11,642 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $62.31, for a total transaction of $725,413.02. Following the transaction, the vice president now owns 5,020 shares in the company, valued at approximately $312,796.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Emily A. Weaver sold 3,749 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total transaction of $233,450.23. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.

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.

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

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