WealthTrust Fairport LLC increased its stake in Fortive Corporation (NYSE:FTV) by 20.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,487 shares of the technology company’s stock after buying an additional 7,590 shares during the period. WealthTrust Fairport LLC’s holdings in Fortive were worth $3,149,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FTV. Global X Management Co. LLC increased its stake in Fortive by 145.3% during the second quarter. Global X Management Co. LLC now owns 9,926 shares of the technology company’s stock valued at $629,000 after purchasing an additional 5,880 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Fortive by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 989,776 shares of the technology company’s stock valued at $62,703,000 after purchasing an additional 92,640 shares during the last quarter. First Trust Advisors LP increased its stake in Fortive by 19.0% during the second quarter. First Trust Advisors LP now owns 279,796 shares of the technology company’s stock valued at $17,725,000 after purchasing an additional 44,685 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Fortive by 3.7% during the second quarter. Teacher Retirement System of Texas now owns 71,471 shares of the technology company’s stock valued at $4,528,000 after purchasing an additional 2,554 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its stake in Fortive by 31.4% during the second quarter. State of Wisconsin Investment Board now owns 270,871 shares of the technology company’s stock valued at $17,160,000 after purchasing an additional 64,790 shares during the last quarter. Institutional investors and hedge funds own 78.96% of the company’s stock.

FTV has been the subject of several recent research reports. SunTrust Banks reiterated a “buy” rating and set a $81.00 target price on shares of Fortive in a research note on Friday, October 27th. Citigroup boosted their price target on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “hold” rating and set a $70.00 price target on shares of Fortive in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Fortive from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, BMO Capital Markets assumed coverage on shares of Fortive in a report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.27.

In related news, SVP Stacey A. Walker sold 4,775 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total value of $346,139.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James A. Lico sold 50,000 shares of the company’s 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 completion of the sale, the insider now directly 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. Corporate insiders own 12.10% of the company’s stock.

Shares of Fortive Corporation (NYSE FTV) opened at $72.41 on Thursday. The firm has a market cap of $25,204.98, a PE ratio of 26.27, a P/E/G ratio of 2.50 and a beta of 0.38. Fortive Corporation has a 1-year low of $52.99 and a 1-year high of $75.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortive’s payout ratio is currently 10.57%.

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Fortive 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 (NYSE:FTV)

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