2 weeks Ago By ABMN Staff
Fortive Co. ( NYSE:FTV – Get Free Report ) CFO Charles E. Mclaughlin sold 6,864 shares of the firm’s stock in a transaction that occurred on Friday, September 13th.
The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
Fortive Price Performance Shares of NYSE:FTV opened at $73.72 on Tuesday. The stock has a market cap of $25.
95 billion, a PE ratio of 29.14, a PEG ratio of 2.11 and a beta of 1.
11. The company’s fifty day moving average is $72.28 and its 200 day moving average is $76.
36. Fortive Co. has a 52 week low of $63.
05 and a 52 week high of $87.10. The company has a quick ratio of 0.
95, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.
Fortive ( NYSE:FTV – Get Free Report ) last issued 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. The company had revenue of $1.
55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Fortive had a net margin of 14.
39% and a return on equity of 12.32%. The firm’s revenue was up 1.
7% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS.
Research analysts anticipate that Fortive Co. will post 3.82 earnings per share for the current year.
Fortive Dividend Announcement Institutional Investors Weigh In On Fortive A number of large investors have recently modified their holdings of FTV. Indiana Trust & Investment Management CO bought a new stake in Fortive during the first quarter worth about $26,000. Ridgewood Investments LLC bought a new position in shares of Fortive in the second quarter worth approximately $30,000.
International Assets Investment Management LLC purchased a new position in shares of Fortive during the second quarter valued at approximately $30,000. Goodman Advisory Group LLC purchased a new stake in Fortive during the second quarter valued at approximately $31,000. Finally, Advisors Asset Management Inc.
purchased a new stake in Fortive during the first quarter valued at approximately $32,000. Institutional investors own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on the stock. Truist Financial decreased their price target on shares of Fortive from $89.00 to $82.
00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Raymond James raised shares of Fortive from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Thursday, September 5th.
Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $77.00 price objective on shares of Fortive in a report on Friday, September 6th. Wolfe Research downgraded shares of Fortive from an “outperform” rating to a “peer perform” rating in a report on Friday, September 6th.
Finally, Mizuho raised shares of Fortive from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $90.00 in a report on Friday, September 6th.
Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.
23. Check Out Our Latest Analysis on Fortive About Fortive ( Get 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. Read More 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.com's FREE daily email newsletter .
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