NBW Capital LLC Decreases Position in Fortive Corporation (FTV)
NBW Capital LLC cut its position in shares of Fortive Corporation (NYSE:FTV) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,067 shares of the technology company’s stock after selling 386 shares during the quarter. NBW Capital LLC’s holdings in Fortive Corporation were worth $2,221,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Fortive Corporation by 2.7% during the first quarter. FMR LLC now owns 21,506,167 shares of the technology company’s stock worth $1,295,101,000 after buying an additional 574,042 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Fortive Corporation by 3.1% during the second quarter. Vanguard Group Inc. now owns 20,614,201 shares of the technology company’s stock worth $1,305,909,000 after buying an additional 620,784 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fortive Corporation by 11.7% during the second quarter. BlackRock Inc. now owns 18,488,658 shares of the technology company’s stock worth $1,171,255,000 after buying an additional 1,934,309 shares in the last quarter. State Street Corp grew its holdings in shares of Fortive Corporation by 1.4% during the first quarter. State Street Corp now owns 12,557,670 shares of the technology company’s stock worth $756,215,000 after buying an additional 174,619 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Fortive Corporation by 37.9% during the second quarter. Capital World Investors now owns 9,834,197 shares of the technology company’s stock worth $622,996,000 after buying an additional 2,701,496 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
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In other Fortive Corporation news, CFO Charles E. Mclaughlin sold 6,565 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $66.09, for a total transaction of $433,880.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.10% of the company’s stock.
Fortive Corporation (NYSE:FTV) traded down 0.03% on Friday, reaching $71.55. The company’s stock had a trading volume of 1,050,800 shares. The firm’s 50-day moving average price is $69.93 and its 200 day moving average price is $69.93. The company has a market cap of $24.84 billion, a P/E ratio of 28.18 and a beta of 0.39. Fortive Corporation has a 52-week low of $46.81 and a 52-week high of $72.01.
Fortive Corporation (NYSE:FTV) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Fortive Corporation had a return on equity of 32.88% and a net margin of 14.02%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. Equities analysts anticipate that Fortive Corporation will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, August 25th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Wednesday, August 23rd. Fortive Corporation’s dividend payout ratio is currently 11.02%.
A number of research analysts recently issued reports on FTV shares. Zacks Investment Research upgraded Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, July 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $66.00 price target (up from $65.00) on shares of Fortive Corporation in a research note on Sunday, July 30th. Morgan Stanley restated an “equal weight” rating and issued a $72.00 price target (up from $71.00) on shares of Fortive Corporation in a research note on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $62.00 price target on shares of Fortive Corporation in a research note on Sunday, July 30th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $65.44.
Fortive Corporation 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.
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