Krilogy Financial LLC increased its holdings in shares of Fortive Corporation (NYSE:FTV) by 43.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,229 shares of the technology company’s stock after purchasing an additional 1,290 shares during the quarter. Krilogy Financial LLC’s holdings in Fortive Corporation were worth $268,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC boosted its holdings in Fortive Corporation by 25.5% during the first quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock worth $104,000 after purchasing an additional 350 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Fortive Corporation during the second quarter worth $128,000. Westwood Holdings Group Inc. acquired a new position in Fortive Corporation during the second quarter worth $139,000. Sun Life Financial INC boosted its holdings in Fortive Corporation by 21,940.0% during the second quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,194 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Fortive Corporation by 1.0% during the second quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock worth $147,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
Several brokerages recently commented on FTV. Royal Bank Of Canada restated a “hold” rating and set a $70.00 target price on shares of Fortive Corporation in a report on Wednesday. Citigroup Inc. restated a “neutral” rating and set a $72.00 target price (up previously from $65.00) on shares of Fortive Corporation in a report on Monday. Morgan Stanley restated an “equal weight” rating and set a $72.00 target price (up previously from $71.00) on shares of Fortive Corporation in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $62.00 target price on shares of Fortive Corporation in a report on Sunday, July 30th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.50.
Fortive Corporation (NYSE:FTV) traded up 0.41% during mid-day trading on Thursday, reaching $72.65. 247,274 shares of the company’s stock traded hands. Fortive Corporation has a 12 month low of $46.81 and a 12 month high of $72.75. The stock has a market cap of $25.22 billion, a P/E ratio of 28.61 and a beta of 0.39. The company has a 50 day moving average price of $70.19 and a 200-day moving average price of $70.19.
Fortive Corporation (NYSE:FTV) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Fortive Corporation will post $2.80 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, August 25th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, August 23rd. Fortive Corporation’s dividend payout ratio (DPR) is currently 11.02%.
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In related news, CFO Charles E. Mclaughlin sold 6,565 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $66.09, for a total value of $433,880.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.10% of the stock is currently owned by insiders.
About Fortive Corporation
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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