Nisa Investment Advisors LLC Has $8.24 Million Holdings in Fortive Corp (FTV)
Nisa Investment Advisors LLC grew its position in Fortive Corp (NYSE:FTV) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,914 shares of the technology company’s stock after purchasing an additional 797 shares during the period. Nisa Investment Advisors LLC’s holdings in Fortive were worth $8,242,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FTV. Federated Investors Inc. PA raised its holdings in Fortive by 185.2% in the second quarter. Federated Investors Inc. PA now owns 8,330 shares of the technology company’s stock worth $528,000 after purchasing an additional 5,409 shares during the period. Commonwealth Bank of Australia raised its holdings in Fortive by 15.6% in the second quarter. Commonwealth Bank of Australia now owns 10,022 shares of the technology company’s stock worth $634,000 after purchasing an additional 1,350 shares during the period. Ameriprise Financial Inc. raised its holdings in Fortive by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 628,105 shares of the technology company’s stock worth $39,791,000 after purchasing an additional 16,251 shares during the period. Norinchukin Bank The raised its holdings in Fortive by 7.0% in the second quarter. Norinchukin Bank The now owns 20,924 shares of the technology company’s stock worth $1,326,000 after purchasing an additional 1,362 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Fortive in the second quarter worth $147,000. Institutional investors own 78.80% of the company’s stock.
FTV has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 19th. Morgan Stanley restated an “equal weight” rating and set a $72.00 price objective (up from $71.00) on shares of Fortive in a report on Monday, October 2nd. Citigroup restated a “neutral” rating and set a $72.00 price objective (up from $65.00) on shares of Fortive in a report on Monday, October 9th. Royal Bank of Canada restated a “hold” rating and set a $70.00 price objective on shares of Fortive in a report on Wednesday, October 11th. Finally, Stifel Nicolaus raised their price objective on shares of Fortive from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $72.60.
Shares of Fortive Corp (NYSE:FTV) opened at $74.47 on Monday. Fortive Corp has a twelve month low of $53.59 and a twelve month high of $75.69. 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 company has a market cap of $25,882.72, a price-to-earnings ratio of 28.10, a P/E/G ratio of 2.29 and a beta of 0.44.
Fortive (NYSE:FTV) last released its earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. analysts predict that Fortive Corp will post 2.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, November 24th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Wednesday, November 22nd. Fortive’s dividend payout ratio (DPR) is currently 10.57%.
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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