Louisiana State Employees Retirement System raised its stake in shares of Fortive Corporation (NYSE:FTV) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,750 shares of the technology company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Fortive Corporation were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FTV. Crestwood Advisors Group LLC acquired a new stake in shares of Fortive Corporation during the first quarter valued at $102,000. Jacobi Capital Management LLC increased its stake in shares of Fortive Corporation by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock valued at $104,000 after buying an additional 350 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Fortive Corporation by 20.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,800 shares of the technology company’s stock valued at $108,000 after buying an additional 300 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Fortive Corporation by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 1,991 shares of the technology company’s stock valued at $112,000 after buying an additional 7 shares in the last quarter. Finally, First Personal Financial Services increased its stake in shares of Fortive Corporation by 17.3% in the first quarter. First Personal Financial Services now owns 2,372 shares of the technology company’s stock valued at $142,000 after buying an additional 350 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.

Shares of Fortive Corporation (FTV) traded down 0.20% during trading on Friday, hitting $65.03. 963,478 shares of the stock traded hands. The company has a market cap of $22.57 billion, a PE ratio of 25.61 and a beta of 0.23. The firm has a 50 day moving average price of $64.70 and a 200-day moving average price of $61.61. Fortive Corporation has a one year low of $46.81 and a one year high of $67.48.

Fortive Corporation (NYSE:FTV) last posted its earnings results on Thursday, July 27th. The technology company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Analysts anticipate that Fortive Corporation will post $2.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.43%. Fortive Corporation’s payout ratio is currently 11.02%.

TRADEMARK VIOLATION NOTICE: “Fortive Corporation (FTV) Position Boosted by Louisiana State Employees Retirement System” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/19/fortive-corporation-ftv-stake-raised-by-louisiana-state-employees-retirement-system-updated-updated-updated.html.

Several brokerages have recently weighed in on FTV. Stifel Nicolaus restated a “hold” rating and set a $62.00 target price on shares of Fortive Corporation in a research note on Sunday, July 30th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fortive Corporation in a research note on Monday, May 22nd. Morgan Stanley restated an “equal weight” rating on shares of Fortive Corporation in a research note on Tuesday, July 11th. Barclays PLC set a $66.00 target price on Fortive Corporation and gave the company a “buy” rating in a research note on Sunday, April 30th. Finally, Zacks Investment Research downgraded Fortive Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.82.

In other Fortive Corporation news, VP Emily A. Weaver sold 3,749 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total value of $233,450.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $433,880.85. The disclosure for this sale can be found here. In the last three months, insiders sold 21,956 shares of company stock worth $1,392,744. 12.10% of the stock is currently owned by insiders.

Fortive Corporation Company Profile

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.

Institutional Ownership by Quarter for Fortive Corporation (NYSE:FTV)

Receive News & Stock Ratings for Fortive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive Corporation and related stocks with our FREE daily email newsletter.