Keybank National Association OH lowered its holdings in Fortive Corp (NYSE:FTV) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,297 shares of the technology company’s stock after selling 2,665 shares during the quarter. Keybank National Association OH’s holdings in Fortive were worth $39,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Calton & Associates Inc. purchased a new position in shares of Fortive in the fourth quarter worth $107,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Fortive in the third quarter worth $135,000. Willingdon Wealth Management purchased a new position in shares of Fortive in the third quarter worth $143,000. Westwood Holdings Group Inc. purchased a new position in shares of Fortive in the second quarter worth $139,000. Finally, Private Advisor Group LLC purchased a new position in shares of Fortive in the third quarter worth $200,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Shares of Fortive Corp (NYSE FTV) opened at $74.14 on Wednesday. The company has a market capitalization of $25,841.54, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.08 and a beta of 0.51. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. Fortive Corp has a 1 year low of $56.73 and a 1 year high of $76.68.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. Fortive’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. equities analysts forecast that Fortive Corp will post 3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is presently 9.46%.

Several research firms have recently weighed in on FTV. JPMorgan Chase & Co. boosted their price target on Fortive from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday. BMO Capital Markets reduced their price objective on Fortive from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. Royal Bank of Canada reiterated a “hold” rating on shares of Fortive in a research report on Friday, February 9th. Citigroup upped their price objective on Fortive from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research cut Fortive from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.50.

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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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