Fortive Corporation (FTV) Shares Sold by Flossbach Von Storch AG
Flossbach Von Storch AG trimmed its holdings in shares of Fortive Corporation (NYSE:FTV) by 62.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,845 shares of the technology company’s stock after selling 989,838 shares during the quarter. Flossbach Von Storch AG owned approximately 0.17% of Fortive Corporation worth $42,251,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BDO Wealth Advisors LLC acquired a new stake in shares of Fortive Corporation in the 2nd quarter worth $128,000. Westwood Holdings Group Inc. acquired a new stake in shares of Fortive Corporation in the 2nd quarter worth $139,000. Sun Life Financial INC increased its stake in shares of Fortive Corporation by 21,940.0% in the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,194 shares during the last quarter. Willingdon Wealth Management acquired a new stake in shares of Fortive Corporation in the 3rd quarter worth $143,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Fortive Corporation in the 2nd quarter worth $147,000. 78.35% of the stock is owned by hedge funds and other institutional investors.
Fortive Corporation (NYSE:FTV) traded down $0.45 during midday trading on Friday, hitting $72.00. The stock had a trading volume of 1,932,800 shares, compared to its average volume of 1,360,455. The stock has a market cap of $25,070.00 and a PE ratio of 26.09. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. Fortive Corporation has a fifty-two week low of $52.99 and a fifty-two week high of $74.38.
Fortive Corporation (NYSE:FTV) last released its quarterly 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 business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Fortive Corporation had a return on equity of 31.67% and a net margin of 14.39%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. analysts expect that Fortive Corporation will post 2.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortive Corporation’s dividend payout ratio is presently 10.57%.
FTV has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on Fortive Corporation in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 target price for the company. Zacks Investment Research raised Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $70.00 target price on shares of Fortive Corporation in a research note on Wednesday, October 11th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $72.00 target price (up from $65.00) on shares of Fortive Corporation in a research note on Monday, October 9th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $81.00 target price on shares of Fortive Corporation in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $70.27.
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In other news, SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total transaction of $346,139.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James A. Lico sold 50,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total value of $3,657,000.00. Following the transaction, the insider now owns 166,014 shares of the company’s stock, valued at $12,142,263.96. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.
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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