Fortive Corporation (FTV) Shares Bought by San Francisco Sentry Investment Group CA
San Francisco Sentry Investment Group CA raised its stake in Fortive Corporation (NYSE:FTV) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,126 shares of the technology company’s stock after buying an additional 2,940 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Fortive Corporation were worth $1,528,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of FTV. Jacobi Capital Management LLC boosted its stake in shares of Fortive Corporation by 25.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock worth $104,000 after acquiring an additional 350 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Fortive Corporation in the 2nd quarter worth approximately $128,000. Sun Life Financial INC grew its holdings in shares of Fortive Corporation by 21,940.0% in the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,194 shares during the period. CENTRAL TRUST Co increased its stake in Fortive Corporation by 1.0% in the 2nd quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock valued at $147,000 after purchasing an additional 23 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Fortive Corporation in the 2nd quarter valued at approximately $147,000. 78.59% of the stock is owned by institutional investors.
Fortive Corporation (NYSE:FTV) traded up 0.38% during mid-day trading on Wednesday, hitting $71.75. The company had a trading volume of 212,048 shares. Fortive Corporation has a one year low of $46.81 and a one year high of $71.91. The company’s 50 day moving average price is $69.64 and its 200-day moving average price is $69.64. The company has a market cap of $24.90 billion, a PE ratio of 28.26 and a beta of 0.39.
Fortive Corporation (NYSE:FTV) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Fortive Corporation had a return on equity of 32.88% and a net margin of 14.02%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Fortive Corporation will post $2.79 EPS 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, August 23rd. Fortive Corporation’s dividend payout ratio is presently 11.02%.
Several equities analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fortive Corporation in a report on Tuesday, July 11th. Zacks Investment Research raised Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $62.00 price target on shares of Fortive Corporation in a research report on Sunday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $66.00 price target (up previously from $65.00) on shares of Fortive Corporation in a research note on Sunday, July 30th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fortive Corporation has a consensus rating of “Buy” and a consensus target price of $65.44.
In related news, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction on 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 SEC, which is available through this hyperlink. 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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