3 days Ago By ABMN Staff
DekaBank Deutsche Girozentrale boosted its holdings in shares of Fortive Co. ( NYSE:FTV – Free Report ) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 248,715 shares of the technology company’s stock after buying an additional 12,361 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Fortive were worth $18,276,000 as of its most recent SEC filing. A number of other institutional investors have also recently bought and sold shares of FTV.
Private Advisor Group LLC acquired a new stake in Fortive during the fourth quarter worth $283,000. Janney Montgomery Scott LLC boosted its stake in Fortive by 9.9% during the fourth quarter.
Janney Montgomery Scott LLC now owns 15,060 shares of the technology company’s stock worth $1,109,000 after buying an additional 1,357 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Fortive by 4.8% during the fourth quarter.
Quadrant Capital Group LLC now owns 2,724 shares of the technology company’s stock worth $201,000 after buying an additional 126 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in shares of Fortive by 2.4% in the 4th quarter.
Level Four Advisory Services LLC now owns 22,443 shares of the technology company’s stock valued at $1,653,000 after purchasing an additional 529 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Fortive by 24,700.0% in the 4th quarter.
ING Groep NV now owns 48,112 shares of the technology company’s stock valued at $3,542,000 after purchasing an additional 47,918 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
Wall Street Analysts Forecast Growth Several equities research analysts have recently commented on the stock. Wolfe Research downgraded shares of Fortive from an “outperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Morgan Stanley assumed coverage on shares of Fortive in a research note on Friday, September 6th.
They issued an “overweight” rating and a $89.00 target price on the stock. Raymond James upgraded shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.
00 target price on the stock in a research note on Thursday, September 5th. TD Cowen upgraded shares of Fortive from a “hold” rating to a “buy” rating and boosted their target price for the company from $75.00 to $90.
00 in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday.
Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.23.
Fortive Stock Performance Shares of NYSE:FTV opened at $73.60 on Monday. The stock has a market capitalization of $25.
79 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.11 and a beta of 1.
11. Fortive Co. has a 1-year low of $63.
05 and a 1-year high of $87.10. The company has a current ratio of 1.
23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32.
The business has a 50-day moving average price of $72.28 and a two-hundred day moving average price of $76.44.
Fortive ( NYSE:FTV – Get Free Report ) last announced 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 firm had revenue of $1.
55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Fortive had a return on equity of 12.
32% and a net margin of 14.39%. The company’s quarterly revenue was up 1.
7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS.
Equities analysts predict that Fortive Co. will post 3.82 earnings per share for the current year.
Fortive Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.08 per share.
The ex-dividend date is Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 0.
43%. Fortive’s dividend payout ratio is currently 12.65%.
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.
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