Global X MANAGEMENT CO LLC raised its holdings in Fortive Corporation (NYSE:FTV) by 19.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,857 shares of the technology company’s stock after acquiring an additional 1,931 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Fortive Corporation were worth $839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Fortive Corporation by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,614,201 shares of the technology company’s stock valued at $1,305,909,000 after purchasing an additional 620,784 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Fortive Corporation by 11.7% in the 2nd quarter. BlackRock Inc. now owns 18,488,658 shares of the technology company’s stock valued at $1,171,255,000 after purchasing an additional 1,934,309 shares during the last quarter. Capital World Investors boosted its stake in shares of Fortive Corporation by 37.9% in the 2nd quarter. Capital World Investors now owns 9,834,197 shares of the technology company’s stock valued at $622,996,000 after purchasing an additional 2,701,496 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Fortive Corporation by 41.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,330,651 shares of the technology company’s stock valued at $210,997,000 after purchasing an additional 971,997 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Fortive Corporation by 64,460.2% in the 2nd quarter. Bessemer Group Inc. now owns 2,640,512 shares of the technology company’s stock valued at $167,275,000 after purchasing an additional 2,636,422 shares during the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.

Shares of Fortive Corporation (FTV) opened at $72.44 on Friday. Fortive Corporation has a 1-year low of $52.99 and a 1-year high of $74.38. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The stock has a market cap of $24,972.12, a PE ratio of 26.03, a P/E/G ratio of 2.48 and a beta of 0.37.

Fortive Corporation (NYSE:FTV) last issued its earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. analysts forecast that Fortive Corporation will post 2.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 24th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. Fortive Corporation’s dividend payout ratio is presently 10.57%.

In other Fortive Corporation news, SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total transaction of $346,139.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James A. Lico sold 50,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the transaction, the insider now owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The disclosure for this sale can be found here. 12.10% of the stock is owned by company insiders.

FTV has been the topic of a number of analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Fortive Corporation in a research note on Friday, October 27th. Zacks Investment Research raised shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and set a $70.00 target price on shares of Fortive Corporation in a research note on Wednesday, October 11th. Citigroup Inc. increased their target price on shares of Fortive Corporation from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $72.00 target price (up from $71.00) on shares of Fortive Corporation in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $70.27.

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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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