Fortive Corporation (FTV) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department lessened its position in shares of Fortive Corporation (NYSE:FTV) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,944 shares of the technology company’s stock after selling 1,477 shares during the period. State of Tennessee Treasury Department’s holdings in Fortive Corporation were worth $7,995,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. State of Wisconsin Investment Board boosted its holdings in shares of Fortive Corporation by 6.4% during the third quarter. State of Wisconsin Investment Board now owns 288,093 shares of the technology company’s stock worth $20,394,000 after acquiring an additional 17,222 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Fortive Corporation by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 51,449 shares of the technology company’s stock worth $3,642,000 after acquiring an additional 900 shares during the period. Andra AP fonden boosted its holdings in shares of Fortive Corporation by 5.0% during the third quarter. Andra AP fonden now owns 48,400 shares of the technology company’s stock worth $3,426,000 after acquiring an additional 2,300 shares during the period. Middleton & Co Inc MA boosted its holdings in shares of Fortive Corporation by 2.5% during the third quarter. Middleton & Co Inc MA now owns 131,180 shares of the technology company’s stock worth $9,286,000 after acquiring an additional 3,189 shares during the period. Finally, Palisade Capital Management LLC NJ boosted its holdings in shares of Fortive Corporation by 2.3% during the third quarter. Palisade Capital Management LLC NJ now owns 166,167 shares of the technology company’s stock worth $11,763,000 after acquiring an additional 3,813 shares during the period. Institutional investors own 79.02% of the company’s stock.

A number of equities research analysts have recently issued reports on FTV shares. SunTrust Banks, Inc. restated a “buy” rating and set a $81.00 price objective on shares of Fortive Corporation in a report on Friday, October 27th. Zacks Investment Research upgraded Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $70.00 price target on shares of Fortive Corporation in a research report on Wednesday, October 11th. Citigroup Inc. lifted their price target on shares of Fortive Corporation from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $72.00 price target (up from $71.00) on shares of Fortive Corporation in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Fortive Corporation presently has a consensus rating of “Hold” and an average target price of $69.10.

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In other Fortive Corporation news, SVP Stacey A. Walker sold 4,775 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total transaction of $346,139.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles E. Mclaughlin sold 6,565 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $66.09, for a total transaction of $433,880.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,340 shares of company stock valued at $4,437,021. Company insiders own 12.10% of the company’s stock.

Shares of Fortive Corporation (NYSE:FTV) opened at $72.65 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54. Fortive Corporation has a 1 year low of $52.99 and a 1 year high of $74.38. The firm has a market cap of $25,250.16, a P/E ratio of 26.32, a PEG ratio of 2.51 and a beta of 0.37.

Fortive Corporation (NYSE:FTV) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. analysts predict that Fortive Corporation will post 2.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 24th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.28 annualized dividend and a yield of 0.39%. Fortive Corporation’s dividend payout ratio is currently 10.57%.

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.

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

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