Macguire Cheswick & Tuttle Investment Counsel LLC lifted its holdings in Fortive Corp (NYSE:FTV) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,959 shares of the technology company’s stock after purchasing an additional 2,130 shares during the quarter. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Fortive were worth $6,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of FTV. Steward Partners Investment Advisory LLC purchased a new stake in Fortive during the third quarter valued at $135,000. Westwood Holdings Group Inc. purchased a new stake in Fortive during the second quarter valued at $139,000. Sun Life Financial INC increased its position in Fortive by 21,940.0% during the second quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after acquiring an additional 2,194 shares during the last quarter. Willingdon Wealth Management purchased a new stake in Fortive during the third quarter valued at $143,000. Finally, BB&T Investment Services Inc. purchased a new stake in Fortive during the second quarter valued at $157,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.
FTV has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Fortive from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Citigroup upped their price target on Fortive from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. SunTrust Banks restated a “buy” rating and issued a $81.00 price target on shares of Fortive in a research report on Friday, October 27th. BMO Capital Markets initiated coverage on Fortive in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, ValuEngine cut Fortive from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fortive currently has an average rating of “Hold” and an average price target of $75.50.
Fortive Corp (FTV) opened at $74.30 on Tuesday. The firm has a market capitalization of $25,198.11, a PE ratio of 24.98, a PEG ratio of 2.09 and a beta of 0.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.83 and a quick ratio of 1.47. Fortive Corp has a one year low of $56.68 and a one year high of $76.68.
Fortive (NYSE:FTV) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. research analysts forecast that Fortive Corp will post 3.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, February 22nd. Fortive’s payout ratio is presently 9.46%.
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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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