2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd raised its position in shares of Fortive Co. ( NYSE:FTV – Free Report ) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 56,174 shares of the technology company’s stock after acquiring an additional 1,655 shares during the period. Fortive makes up about 1.9% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 18th largest position.
Brown Shipley& Co Ltd’s holdings in Fortive were worth $4,163,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in FTV. Indiana Trust & Investment Management CO bought a new position in Fortive during the 1st quarter valued at about $26,000.
Ridgewood Investments LLC bought a new position in shares of Fortive during the second quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Fortive in the second quarter worth approximately $30,000. Goodman Advisory Group LLC bought a new stake in shares of Fortive during the 2nd quarter worth approximately $31,000.
Finally, Advisors Asset Management Inc. bought a new stake in shares of Fortive during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 94.
94% of the company’s stock. Insider Activity In related news, CFO Charles E. Mclaughlin sold 6,864 shares of the company’s stock in a transaction dated Friday, September 13th.
The stock was sold at an average price of $74.03, for a total transaction of $508,141.92.
Following the transaction, the chief financial officer now directly owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link .
In other Fortive news, CFO Charles E. Mclaughlin sold 6,864 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.
03, for a total transaction of $508,141.92. Following the sale, the chief financial officer now owns 73,391 shares of the company’s stock, valued at approximately $5,433,135.
73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, SVP Jonathan L.
Schwarz sold 14,223 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.80, for a total transaction of $1,049,657.
40. Following the transaction, the senior vice president now owns 68,161 shares in the company, valued at approximately $5,030,281.80.
The disclosure for this sale can be found here . Company insiders own 1.01% of the company’s stock.
Fortive Trading Up 0.8 % Fortive ( NYSE:FTV – Get Free Report ) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.
93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01.
Fortive had a net margin of 14.39% and a return on equity of 12.32%.
The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion.
During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up 1.
7% on a year-over-year basis. As a group, equities research analysts anticipate that Fortive Co. will post 3.
82 earnings per share for the current fiscal year. Fortive Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.
08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.
40%. The ex-dividend date of this dividend was Friday, September 13th. Fortive’s payout ratio is presently 12.
65%. Analyst Ratings Changes Several equities analysts have commented on the company. Raymond James raised Fortive from a “market perform” rating to an “outperform” rating and set a $85.
00 price objective on the stock in a research report on Thursday, September 5th. Wolfe Research downgraded shares of Fortive from an “outperform” rating to a “peer perform” rating in a research note on Friday, September 6th. TD Cowen upgraded shares of Fortive from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.
00 to $90.00 in a report on Monday, July 8th. Mizuho upgraded shares of Fortive from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $80.
00 to $90.00 in a research note on Friday, September 6th. Finally, Wells Fargo & Company decreased their price target on shares of Fortive from $84.
00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.38. Get Our Latest Analysis on FTV Fortive 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. Further Reading Five stocks we like better than Fortive Earnings Per Share Calculator: How to Calculate EPS 3 Bargain Stocks Under $20 With Major Growth Potential 3 Best Fintech Stocks for a Portfolio Boost Top 5 ETFs to Own Now and Into 2025 The Most Important Warren Buffett Stock for Investors: His Own Watch These 3 Former Short-Squeeze Stocks for a Big Rally 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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