1 week Ago By Defense World Staff
StockNews.com cut shares of Fortive ( NYSE:FTV – Free Report ) from a buy rating to a hold rating in a research report released on Wednesday. Several other equities research analysts also recently weighed in on the company.
Royal Bank of Canada lowered their price target on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st.
Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of Fortive from $82.00 to $77.
00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. 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, September 5th.
Finally, JPMorgan Chase & Co. raised Fortive from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $90.00 to $92.
00 in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average target price of $86.82. Get Our Latest Report on FTV Fortive Stock Down 0.
1 % Fortive ( NYSE:FTV – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.
93 by $0.04. Fortive had a net margin of 14.
35% and a return on equity of 12.56%. The company had revenue of $1.
53 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $0.
85 earnings per share. Fortive’s revenue for the quarter was up 2.7% compared to the same quarter last year.
As a group, research analysts anticipate that Fortive will post 3.85 EPS for the current fiscal year. Fortive Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th.
Shareholders of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.
32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, November 29th.
Fortive’s dividend payout ratio (DPR) is currently 12.75%. Insider Activity In related news, SVP Peter C.
Underwood sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.
00. Following the sale, the senior vice president now directly owns 48,346 shares in the company, valued at approximately $3,702,336.68.
The trade was a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, SVP Stacey A. Walker sold 171,808 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $71.
71, for a total transaction of $12,320,351.68. Following the transaction, the senior vice president now directly owns 42,651 shares of the company’s stock, valued at approximately $3,058,503.
21. This trade represents a 80.11 % decrease in their position.
The disclosure for this sale can be found here . Corporate insiders own 1.01% of the company’s stock.
Institutional Investors Weigh In On Fortive Institutional investors have recently modified their holdings of the company. Mizuho Securities USA LLC grew its position in shares of Fortive by 14,635.7% during the third quarter.
Mizuho Securities USA LLC now owns 4,000,000 shares of the technology company’s stock worth $315,720,000 after buying an additional 3,972,855 shares in the last quarter. Point72 Asset Management L.P.
grew its holdings in Fortive by 1,005.9% during the 3rd quarter. Point72 Asset Management L.
P. now owns 1,937,153 shares of the technology company’s stock worth $152,899,000 after acquiring an additional 1,761,983 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Fortive by 13.
8% in the 3rd quarter. Janus Henderson Group PLC now owns 8,041,324 shares of the technology company’s stock valued at $634,701,000 after purchasing an additional 977,428 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of Fortive by 1,014.
1% in the 3rd quarter. Holocene Advisors LP now owns 924,671 shares of the technology company’s stock valued at $72,984,000 after purchasing an additional 841,671 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Fortive by 59.
3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,359,069 shares of the technology company’s stock worth $107,271,000 after purchasing an additional 505,882 shares during the last quarter. 94.
94% of the stock is owned by institutional investors and hedge funds. Fortive Company Profile ( 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. Further Reading Five stocks we like better than Fortive 3 Fintech Stocks With Good 2021 Prospects Work and Play: Investing in the Rise of Bleisure Travel What is Put Option Volume? Top Dividend Stocks to Buy Now as Bond Yields Could Lower What is a Special Dividend? SAP: AI Tailwinds Accelerating Enterprise Cloud Business 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 .
.
