Hikari Tsushin Inc. grew its holdings in Fortive Corporation (NYSE:FTV) by 70.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,117 shares of the technology company’s stock after purchasing an additional 21,200 shares during the period. Fortive Corporation makes up about 1.0% of Hikari Tsushin Inc.’s holdings, making the stock its 16th biggest position. Hikari Tsushin Inc.’s holdings in Fortive Corporation were worth $3,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FTV. Spot Trading L.L.C. bought a new stake in shares of Fortive Corporation in the first quarter valued at approximately $637,000. OppenheimerFunds Inc. raised its position in shares of Fortive Corporation by 2.9% in the first quarter. OppenheimerFunds Inc. now owns 13,074 shares of the technology company’s stock valued at $787,000 after purchasing an additional 373 shares during the period. Teachers Advisors LLC raised its position in shares of Fortive Corporation by 122.8% in the first quarter. Teachers Advisors LLC now owns 1,700,817 shares of the technology company’s stock valued at $102,423,000 after purchasing an additional 937,436 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Fortive Corporation by 37.9% in the first quarter. TIAA CREF Investment Management LLC now owns 2,358,654 shares of the technology company’s stock valued at $142,038,000 after purchasing an additional 647,870 shares during the period. Finally, Waratah Capital Advisors Ltd. raised its position in shares of Fortive Corporation by 195.8% in the first quarter. Waratah Capital Advisors Ltd. now owns 176,917 shares of the technology company’s stock valued at $10,654,000 after purchasing an additional 117,117 shares during the period. 78.54% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $70.00 price target on shares of Fortive Corporation in a research report on Wednesday, October 11th. Citigroup Inc. reissued a “neutral” rating and issued a $72.00 price target (up previously from $65.00) on shares of Fortive Corporation in a research report on Monday, October 9th. Morgan Stanley reissued an “equal weight” rating and issued a $72.00 price target (up previously from $71.00) on shares of Fortive Corporation in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $62.00 price target on shares of Fortive Corporation in a research report on Sunday, July 30th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fortive Corporation has an average rating of “Hold” and an average price target of $66.50.

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Fortive Corporation (NYSE FTV) traded up 0.87% during mid-day trading on Friday, reaching $71.72. 364,443 shares of the company were exchanged. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 28.25 and a beta of 0.39. The stock has a 50 day moving average of $69.76 and a 200-day moving average of $64.98. Fortive Corporation has a one year low of $46.81 and a one year high of $73.21.

Fortive Corporation (NYSE:FTV) last released its earnings results on Thursday, July 27th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Fortive Corporation will post $2.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, August 25th were paid 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 payout ratio is 11.02%.

In other Fortive Corporation news, CFO Charles E. Mclaughlin sold 6,565 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $66.09, for a total transaction of $433,880.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.10% of the stock is currently owned by company 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.

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

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