HPM Partners LLC raised its holdings in Fortive Corp (NYSE:FTV) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,232 shares of the technology company’s stock after purchasing an additional 7,305 shares during the period. HPM Partners LLC’s holdings in Fortive were worth $4,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. Stone Ridge Asset Management LLC bought a new stake in shares of Fortive in the 4th quarter worth about $1,539,000. Guggenheim Capital LLC grew its holdings in shares of Fortive by 4.8% in the 4th quarter. Guggenheim Capital LLC now owns 698,950 shares of the technology company’s stock worth $50,570,000 after purchasing an additional 31,851 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Fortive by 34.0% in the 4th quarter. Deutsche Bank AG now owns 982,730 shares of the technology company’s stock worth $71,094,000 after purchasing an additional 249,377 shares during the last quarter. Jafra Capital Management LP bought a new stake in shares of Fortive in the 4th quarter worth about $2,243,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Fortive by 19.8% in the 4th quarter. Wolverine Asset Management LLC now owns 29,961 shares of the technology company’s stock worth $2,167,000 after purchasing an additional 4,961 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fortive Corp (FTV) opened at $80.27 on Friday. Fortive Corp has a fifty-two week low of $57.83 and a fifty-two week high of $80.31. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. The company has a market cap of $27,936.53, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.42 and a beta of 0.42.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Thursday, February 22nd. Fortive’s dividend payout ratio is currently 9.46%.
Several equities research analysts have recently weighed in on FTV shares. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Wednesday, January 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $88.00 target price on shares of Fortive in a report on Friday, January 26th. UBS Group started coverage on shares of Fortive in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of Fortive in a report on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $77.50.
ILLEGAL ACTIVITY WARNING: “HPM Partners LLC Has $4.86 Million Holdings in Fortive Corp (FTV)” was published by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2018/03/11/hpm-partners-llc-has-4-86-million-holdings-in-fortive-corp-ftv.html.
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.
Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corp (NYSE:FTV).
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.