State of Alaska Department of Revenue increased its holdings in Fortive Corp (NYSE:FTV) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,443 shares of the technology company’s stock after purchasing an additional 1,393 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fortive were worth $4,155,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FTV. Cornerstone Advisors Inc. grew its stake in shares of Fortive by 104.6% in the third quarter. Cornerstone Advisors Inc. now owns 309 shares of the technology company’s stock worth $26,000 after purchasing an additional 158 shares during the last quarter. Ancora Advisors LLC acquired a new position in Fortive in the third quarter valued at $108,000. Stratos Wealth Partners LTD. acquired a new position in Fortive in the third quarter valued at $127,000. Flagship Harbor Advisors LLC acquired a new position in Fortive in the second quarter valued at $132,000. Finally, Virginia National Bank acquired a new position in Fortive in the third quarter valued at $202,000. 81.30% of the stock is currently owned by institutional investors.

In other news, insider James A. Lico sold 123,298 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $75.41, for a total transaction of $9,297,902.18. Following the transaction, the insider now owns 357,460 shares in the company, valued at $26,956,058.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stacey A. Walker sold 468 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $75.26, for a total transaction of $35,221.68. The disclosure for this sale can be found here. Insiders have sold 142,382 shares of company stock worth $10,729,598 in the last quarter. Company insiders own 12.20% of the company’s stock.

FTV has been the topic of several recent analyst reports. SunTrust Banks dropped their target price on shares of Fortive from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Morgan Stanley upgraded shares of Fortive from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $84.00 to $82.00 in a report on Tuesday, December 18th. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Monday, October 1st. Credit Suisse Group initiated coverage on shares of Fortive in a report on Friday, October 12th. They issued a “neutral” rating and a $89.00 target price on the stock. Finally, TheStreet lowered shares of Fortive from a “b-” rating to a “c” rating in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Fortive currently has an average rating of “Hold” and a consensus price target of $85.82.

FTV stock opened at $69.51 on Monday. The firm has a market capitalization of $23.12 billion, a P/E ratio of 24.05, a PEG ratio of 1.57 and a beta of 1.07. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54. Fortive Corp has a 12-month low of $62.89 and a 12-month high of $88.34.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). Fortive had a net margin of 15.72% and a return on equity of 24.91%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Equities analysts anticipate that Fortive Corp will post 3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, November 30th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Fortive’s dividend payout ratio is currently 9.69%.

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Fortive Company Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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