Parallel Advisors LLC boosted its position in Fortive Corp (NYSE:FTV) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,324 shares of the technology company’s stock after purchasing an additional 315 shares during the period. Parallel Advisors LLC’s holdings in Fortive were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FTV. LPL Financial LLC lifted its position in shares of Fortive by 2.0% during the 2nd quarter. LPL Financial LLC now owns 7,831 shares of the technology company’s stock valued at $638,000 after acquiring an additional 153 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Fortive by 4.5% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,710 shares of the technology company’s stock valued at $302,000 after acquiring an additional 160 shares during the period. Zions Bancorporation N.A. lifted its position in shares of Fortive by 5.4% during the 2nd quarter. Zions Bancorporation N.A. now owns 3,390 shares of the technology company’s stock valued at $277,000 after acquiring an additional 173 shares during the period. O Brien Greene & Co. Inc lifted its position in shares of Fortive by 0.5% during the 2nd quarter. O Brien Greene & Co. Inc now owns 36,185 shares of the technology company’s stock valued at $2,949,000 after acquiring an additional 175 shares during the period. Finally, Dempze Nancy E lifted its position in shares of Fortive by 1.6% during the 2nd quarter. Dempze Nancy E now owns 12,070 shares of the technology company’s stock valued at $985,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 82.75% of the company’s stock.

A number of equities research analysts have recently issued reports on FTV shares. Zacks Investment Research upgraded shares of Fortive from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Tuesday, October 1st. Royal Bank of Canada set a $73.00 price objective on shares of Fortive and gave the stock a “hold” rating in a research note on Friday, October 25th. Raymond James set a $84.00 price objective on shares of Fortive and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America dropped their price objective on shares of Fortive from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Credit Suisse Group raised their price objective on shares of Fortive from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $78.25.

Shares of FTV traded up $0.59 during mid-day trading on Friday, reaching $72.88. 852,302 shares of the company’s stock were exchanged, compared to its average volume of 1,727,824. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.68 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.72. Fortive Corp has a 52-week low of $62.89 and a 52-week high of $89.48. The company has a 50-day simple moving average of $68.97 and a two-hundred day simple moving average of $75.10.

Fortive (NYSE:FTV) last released its earnings results on Thursday, October 24th. The technology company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Fortive had a net margin of 37.57% and a return on equity of 17.41%. Fortive’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. As a group, equities research analysts predict that Fortive Corp will post 3.45 EPS for the current fiscal year.

Fortive 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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