Bbva Compass Bancshares Inc. increased its holdings in shares of Fortive Corp (NYSE:FTV) by 9.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,429 shares of the technology company’s stock after buying an additional 463 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Fortive were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Zeke Capital Advisors LLC grew its holdings in shares of Fortive by 2.9% during the first quarter. Zeke Capital Advisors LLC now owns 4,378 shares of the technology company’s stock valued at $367,000 after buying an additional 125 shares in the last quarter. Emerald Advisers LLC grew its stake in Fortive by 0.7% in the first quarter. Emerald Advisers LLC now owns 21,120 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 144 shares in the last quarter. Norway Savings Bank grew its stake in Fortive by 2.3% in the first quarter. Norway Savings Bank now owns 7,187 shares of the technology company’s stock valued at $603,000 after purchasing an additional 165 shares in the last quarter. Trust Co. of Vermont grew its stake in Fortive by 3.2% in the first quarter. Trust Co. of Vermont now owns 5,275 shares of the technology company’s stock valued at $443,000 after purchasing an additional 166 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in Fortive by 0.7% in the fourth quarter. Banco Santander S.A. now owns 24,478 shares of the technology company’s stock valued at $1,656,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

In other Fortive news, SVP Barbara B. Hulit sold 11,386 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $86.16, for a total value of $981,017.76. Following the completion of the sale, the senior vice president now owns 48,891 shares of the company’s stock, valued at $4,212,448.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jonathan L. Schwarz sold 3,746 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $81.63, for a total value of $305,785.98. Following the completion of the sale, the vice president now directly owns 17,740 shares of the company’s stock, valued at approximately $1,448,116.20. The disclosure for this sale can be found here. Insiders sold 18,600 shares of company stock valued at $1,571,781 in the last ninety days. Insiders own 12.70% of the company’s stock.

FTV has been the topic of a number of recent research reports. TheStreet upgraded Fortive from a “c” rating to a “b-” rating in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, April 22nd. ValuEngine upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Argus restated a “buy” rating on shares of Fortive in a research note on Tuesday, April 30th. Finally, Berenberg Bank initiated coverage on Fortive in a research note on Wednesday. They issued a “buy” rating and a $96.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fortive has an average rating of “Buy” and an average price target of $88.13.

Shares of NYSE:FTV opened at $81.36 on Thursday. Fortive Corp has a fifty-two week low of $62.89 and a fifty-two week high of $89.48. The stock has a market capitalization of $26.98 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 1.97, a current ratio of 2.20 and a debt-to-equity ratio of 0.69.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. Fortive had a return on equity of 19.44% and a net margin of 39.98%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that Fortive Corp will post 3.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a $0.07 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.34%. Fortive’s dividend payout ratio is currently 9.15%.

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Fortive Company Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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