Norinchukin Bank The increased its position in Fortive Corp (NYSE:FTV) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,456 shares of the technology company’s stock after acquiring an additional 1,755 shares during the quarter. Norinchukin Bank The’s holdings in Fortive were worth $1,769,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Marble Harbor Investment Counsel LLC increased its holdings in Fortive by 9.0% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 8,475 shares of the technology company’s stock worth $600,000 after acquiring an additional 700 shares in the last quarter. Amalgamated Bank increased its holdings in Fortive by 2.0% in the 3rd quarter. Amalgamated Bank now owns 36,808 shares of the technology company’s stock worth $2,606,000 after acquiring an additional 719 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Fortive by 2.7% in the 3rd quarter. CIBC Asset Management Inc now owns 30,124 shares of the technology company’s stock worth $2,132,000 after acquiring an additional 781 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Fortive by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 113,914 shares of the technology company’s stock worth $8,242,000 after acquiring an additional 797 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Fortive by 0.5% in the 3rd quarter. Nationwide Fund Advisors now owns 162,953 shares of the technology company’s stock worth $11,535,000 after acquiring an additional 798 shares in the last quarter. 78.31% of the stock is owned by institutional investors.
Fortive Corp (NYSE FTV) opened at $76.68 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26,436.28, a P/E ratio of 26.21, a PEG ratio of 2.29 and a beta of 0.51. Fortive Corp has a 52-week low of $56.73 and a 52-week high of $77.22.
Fortive (NYSE:FTV) last posted its earnings results on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. sell-side analysts predict that Fortive Corp will post 3.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. Fortive’s dividend payout ratio is currently 9.46%.
Several equities research analysts recently issued reports 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 report on Thursday, January 11th. Citigroup upped their price target on Fortive from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. upped their price target on Fortive from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Argus upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, ValuEngine downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Fortive has an average rating of “Buy” and a consensus price target of $77.50.
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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.
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