Teacher Retirement System of Texas raised its holdings in shares of Fortive Corp (NYSE:FTV) by 110.9% in the fourth quarter, HoldingsChannel reports. The firm owned 147,868 shares of the technology company’s stock after buying an additional 77,754 shares during the period. Teacher Retirement System of Texas’ holdings in Fortive were worth $10,698,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FTV. APG Asset Management N.V. grew its stake in shares of Fortive by 49.7% in the 3rd quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock worth $154,483,000 after acquiring an additional 724,400 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Fortive by 1,737.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 455,129 shares of the technology company’s stock worth $32,218,000 after acquiring an additional 430,362 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Fortive by 106.3% in the 3rd quarter. Janus Henderson Group PLC now owns 821,560 shares of the technology company’s stock worth $58,157,000 after acquiring an additional 423,247 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fortive by 14.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock worth $155,332,000 after acquiring an additional 273,003 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Fortive in the 2nd quarter worth $17,098,000. Institutional investors and hedge funds own 78.59% of the company’s stock.

Fortive Corp (NYSE:FTV) opened at $74.30 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.83 and a debt-to-equity ratio of 1.07. The firm has a market cap of $25,198.11, a PE ratio of 25.10, a P/E/G ratio of 2.09 and a beta of 0.51. Fortive Corp has a fifty-two week low of $56.73 and a fifty-two week high of $76.68.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a net margin of 15.69% and a return on equity of 30.54%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. analysts predict that Fortive Corp will post 3.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is currently 9.46%.

FTV has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Fortive in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 target price for the company. Royal Bank of Canada reiterated a “hold” rating and issued a $79.00 target price on shares of Fortive in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. UBS Group initiated coverage on shares of Fortive in a research note on Monday, January 22nd. They issued a “buy” rating for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $81.00 target price on shares of Fortive in a research note on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fortive has an average rating of “Hold” and an average price target of $75.50.

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About Fortive

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 (NYSE:FTV)

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