Willingdon Wealth Management acquired a new position in Fortive Corporation (NYSE:FTV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,024 shares of the technology company’s stock, valued at approximately $143,000.

Several other hedge funds have also made changes to their positions in the company. Mirador Capital Partners LP lifted its position in shares of Fortive Corporation by 0.4% in the second quarter. Mirador Capital Partners LP now owns 6,013 shares of the technology company’s stock worth $404,000 after purchasing an additional 26 shares in the last quarter. North Star Asset Management Inc. lifted its position in shares of Fortive Corporation by 0.4% in the second quarter. North Star Asset Management Inc. now owns 7,701 shares of the technology company’s stock worth $488,000 after purchasing an additional 32 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Fortive Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,402 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 72 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Fortive Corporation by 2.8% in the second quarter. TCI Wealth Advisors Inc. now owns 2,847 shares of the technology company’s stock worth $180,000 after purchasing an additional 77 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of Fortive Corporation by 1.1% in the second quarter. First Bank & Trust now owns 7,907 shares of the technology company’s stock worth $501,000 after purchasing an additional 88 shares in the last quarter. 78.35% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $62.00 price objective on shares of Fortive Corporation in a research report on Sunday, July 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $66.00 price objective on shares of Fortive Corporation in a research report on Friday, September 15th. Zacks Investment Research lowered shares of Fortive Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BMO Capital Markets assumed coverage on shares of Fortive Corporation in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price objective on the stock. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Fortive Corporation in a research report on Monday, October 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fortive Corporation presently has a consensus rating of “Buy” and a consensus target price of $70.27.

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Shares of Fortive Corporation (NYSE FTV) traded up $0.56 on Tuesday, reaching $72.81. 873,200 shares of the company were exchanged, compared to its average volume of 1,358,332. The firm has a market capitalization of $25,330.00 and a P/E ratio of 26.18. Fortive Corporation has a fifty-two week low of $52.99 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95.

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 the Zacks’ consensus estimate of $0.73 by $0.04. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. analysts predict that Fortive Corporation will post 2.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Fortive Corporation’s payout ratio is 10.57%.

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

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.

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

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