1 week Ago By ABMN Staff
Arizona State Retirement System lifted its position in Fortive Co. ( NYSE:FTV – Free Report ) by 1.0% in the second quarter, Holdings Channel.
com reports. The institutional investor owned 101,867 shares of the technology company’s stock after purchasing an additional 1,017 shares during the period. Arizona State Retirement System’s holdings in Fortive were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Brown Advisory Inc. lifted its position in Fortive by 13.
1% during the 4th quarter. Brown Advisory Inc. now owns 7,577,474 shares of the technology company’s stock worth $557,929,000 after acquiring an additional 878,523 shares during the last quarter.
Boston Partners increased its stake in shares of Fortive by 19.3% in the first quarter. Boston Partners now owns 6,463,772 shares of the technology company’s stock worth $554,253,000 after purchasing an additional 1,045,245 shares during the period.
Janus Henderson Group PLC lifted its position in shares of Fortive by 47.1% during the 1st quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock worth $537,119,000 after purchasing an additional 1,999,792 shares during the last quarter.
Capital World Investors boosted its stake in Fortive by 0.6% during the 4th quarter. Capital World Investors now owns 5,847,724 shares of the technology company’s stock valued at $430,568,000 after purchasing an additional 33,990 shares during the period.
Finally, Norges Bank acquired a new stake in Fortive in the 4th quarter valued at approximately $268,686,000. 94.94% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades FTV has been the subject of several research reports. Barclays increased their price objective on Fortive from $91.00 to $94.
00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley initiated coverage on shares of Fortive in a research report on Friday. They issued an “overweight” rating and a $89.
00 price target on the stock. Wolfe Research lowered shares of Fortive from an “outperform” rating to a “peer perform” rating in a research report on Friday. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.
00 target price on the stock in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on Fortive from $84.00 to $75.
00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and an average target price of $86.
23. Fortive Stock Down 2.9 % FTV opened at $70.
67 on Friday. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 27.
93, a PEG ratio of 2.17 and a beta of 1.11.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 1.
23. The firm’s 50-day simple moving average is $72.23 and its 200-day simple moving average is $76.
96. Fortive Co. has a twelve month low of $63.
05 and a twelve month high of $87.10. Fortive ( NYSE:FTV – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 24th.
The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.
01. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.
57 billion. Fortive had a net margin of 14.39% and a return on equity of 12.
32%. The company’s revenue was up 1.7% on a year-over-year basis.
During the same quarter last year, the business posted $0.85 earnings per share. Equities research analysts anticipate that Fortive Co.
will post 3.82 EPS for the current fiscal year. Fortive Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th.
Shareholders of record on Friday, September 13th will be paid a $0.08 dividend. This represents a $0.
32 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, September 13th.
Fortive’s dividend payout ratio is currently 12.65%. Fortive Company Profile ( Free Report ) Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally.
It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries. See Also Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fortive Co. ( NYSE:FTV – Free Report ). 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.
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