Jaffetilchin Investment Partners LLC Has $381,000 Position in Fortive Corp (NYSE:FTV)

Jaffetilchin Investment Partners LLC reduced its position in shares of Fortive Corp (NYSE:FTV) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,261 shares of the technology company’s stock after selling 2,559 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Fortive were worth $381,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FTV. North Star Asset Management Inc. lifted its holdings in Fortive by 0.4% in the second quarter. North Star Asset Management Inc. now owns 7,701 shares of the technology company’s stock worth $488,000 after buying an additional 32 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in Fortive by 2.8% in the second quarter. TCI Wealth Advisors Inc. now owns 2,847 shares of the technology company’s stock worth $180,000 after buying an additional 77 shares during the period. Princeton Portfolio Strategies Group LLC lifted its holdings in Fortive by 1.6% in the second quarter. Princeton Portfolio Strategies Group LLC now owns 5,568 shares of the technology company’s stock worth $353,000 after buying an additional 90 shares during the period. J.P. Marvel Investment Advisors LLC lifted its holdings in Fortive by 0.5% in the second quarter. J.P. Marvel Investment Advisors LLC now owns 16,785 shares of the technology company’s stock worth $1,063,000 after buying an additional 90 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of Fortive by 1.4% during the second quarter. Profund Advisors LLC now owns 7,801 shares of the technology company’s stock valued at $494,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 78.86% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, January 11th. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. ValuEngine downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Citigroup raised their price target on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus raised their price target on shares of Fortive from $62.00 to $72.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.30.

In other Fortive news, insider James A. Lico sold 50,000 shares of Fortive stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total value of $3,657,000.00. Following the completion of the sale, the insider now owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.10% of the company’s stock.

Fortive Corp (FTV) traded down $0.23 during trading hours on Friday, reaching $75.35. 1,410,000 shares of the company’s stock were exchanged, compared to its average volume of 1,352,090. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. Fortive Corp has a fifty-two week low of $54.88 and a fifty-two week high of $76.68. The company has a market cap of $26,258.09, a P/E ratio of 28.43, a PEG ratio of 2.32 and a beta of 0.51.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is presently 10.57%.

WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/03/jaffetilchin-investment-partners-llc-reduces-holdings-in-fortive-corp-ftv.html.

Fortive 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.

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply