Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Fortive Corp (NYSE:FTV) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,204,632 shares of the technology company’s stock after buying an additional 8,171 shares during the quarter. Fortive comprises about 1.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 22nd largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Fortive were worth $87,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in Fortive by 13.7% in the fourth quarter. Toronto Dominion Bank now owns 134,040 shares of the technology company’s stock valued at $9,698,000 after acquiring an additional 16,149 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Fortive by 21.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,051,202 shares of the technology company’s stock valued at $76,054,000 after buying an additional 183,518 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Fortive by 51.9% in the fourth quarter. First Trust Advisors LP now owns 654,110 shares of the technology company’s stock valued at $47,325,000 after buying an additional 223,465 shares during the last quarter. Barings LLC raised its holdings in shares of Fortive by 134.4% in the fourth quarter. Barings LLC now owns 148,574 shares of the technology company’s stock valued at $10,749,000 after buying an additional 85,200 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Fortive by 11.5% in the fourth quarter. Sei Investments Co. now owns 293,681 shares of the technology company’s stock valued at $21,249,000 after buying an additional 30,187 shares during the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

Fortive Corp (NYSE:FTV) opened at $74.14 on Wednesday. Fortive Corp has a one year low of $56.73 and a one year high of $76.68. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. The stock has a market cap of $25,841.54, a PE ratio of 25.62, a PEG ratio of 2.08 and a beta of 0.51.

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

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

A number of equities research analysts have recently commented on FTV shares. SunTrust Banks reaffirmed a “buy” rating and issued a $81.00 target price on shares of Fortive in a report on Friday, October 27th. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Wednesday, January 3rd. UBS Group started coverage on shares of Fortive in a report on Monday, January 22nd. They issued a “buy” rating for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $88.00 target price on shares of Fortive in a report on Friday, January 26th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.50.

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About Fortive

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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