Quadrature Capital Ltd Makes New $1.64 Million Investment in Fortive Corporation $FTV

Quadrature Capital Ltd bought a new stake in Fortive Corporation (NYSE:FTV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,395 shares of the technology company’s stock, valued at approximately $1,637,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC boosted its position in Fortive by 815.4% during the second quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after acquiring an additional 424 shares during the last quarter. Accent Capital Management LLC acquired a new stake in Fortive in the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. lifted its stake in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Fortive by 41.0% during the 1st quarter. Capital Analysts LLC now owns 523 shares of the technology company’s stock worth $38,000 after purchasing an additional 152 shares during the last quarter. Finally, Banque Transatlantique SA boosted its holdings in shares of Fortive by 92.8% during the 1st quarter. Banque Transatlantique SA now owns 561 shares of the technology company’s stock worth $38,000 after purchasing an additional 270 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fortive news, SVP Stacey A. Walker sold 2,192 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $50.35, for a total value of $110,367.20. Following the sale, the senior vice president owned 59,488 shares of the company’s stock, valued at $2,995,220.80. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

FTV has been the subject of several recent research reports. Citigroup increased their price target on Fortive from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Robert W. Baird upped their target price on Fortive from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on Fortive from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Barclays upped their price objective on shares of Fortive from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Finally, Truist Financial restated a “hold” rating and set a $58.00 price objective (up from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.38.

Fortive Stock Performance

NYSE FTV opened at $53.48 on Friday. The stock has a fifty day simple moving average of $50.20 and a 200-day simple moving average of $54.71. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.99 billion, a PE ratio of 30.56, a P/E/G ratio of 3.22 and a beta of 1.16. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $83.32.

Fortive (NYSE:FTV) last posted its earnings results on Monday, June 9th. The technology company reported $0.80 EPS for the quarter. The company had revenue of $1.07 billion for the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. Equities analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 13.71%.

About Fortive

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.