Roanoke Asset Management Corp NY Has $1.64 Million Stake in Fortive Corp (NYSE:FTV)

Roanoke Asset Management Corp NY decreased its position in shares of Fortive Corp (NYSE:FTV) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,666 shares of the technology company’s stock after selling 2,800 shares during the period. Roanoke Asset Management Corp NY’s holdings in Fortive were worth $1,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Fortive during the 3rd quarter worth $135,000. Westwood Holdings Group Inc. acquired a new stake in shares of Fortive during the 2nd quarter worth $139,000. Sun Life Financial INC grew its holdings in shares of Fortive by 21,940.0% during the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,194 shares in the last quarter. Willingdon Wealth Management acquired a new stake in shares of Fortive during the 3rd quarter worth $143,000. Finally, BB&T Investment Services Inc. acquired a new stake in shares of Fortive during the 2nd quarter worth $157,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered Fortive from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. BMO Capital Markets initiated coverage on Fortive in a report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 target price on the stock. Stifel Nicolaus raised their price objective on Fortive from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Friday, October 27th. ValuEngine lowered Fortive from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Argus raised Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $75.50.

Fortive Corp (NYSE:FTV) remained flat at $$74.30 during trading hours on Tuesday. 273,147 shares of the stock were exchanged, compared to its average volume of 1,668,660. Fortive Corp has a 1-year low of $56.73 and a 1-year high of $76.68. The firm has a market capitalization of $25,198.11, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.51. The company has a quick ratio of 1.47, a current ratio of 1.83 and a debt-to-equity ratio of 1.07.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. sell-side analysts forecast that Fortive Corp will post 3.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders 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 dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortive’s payout ratio is 9.46%.

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Fortive 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)

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