Fortive Corporation (FTV) Position Raised by Norinchukin Bank The

Norinchukin Bank The lifted its stake in shares of Fortive Corporation (NYSE:FTV) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,701 shares of the technology company’s stock after purchasing an additional 1,777 shares during the quarter. Norinchukin Bank The’s holdings in Fortive were worth $1,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FTV. Spot Trading L.L.C. bought a new stake in shares of Fortive during the first quarter valued at about $637,000. Creative Planning raised its stake in shares of Fortive by 8.4% during the second quarter. Creative Planning now owns 7,930 shares of the technology company’s stock valued at $502,000 after purchasing an additional 614 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Fortive during the second quarter valued at about $173,000. Greenleaf Trust raised its stake in shares of Fortive by 15.1% during the second quarter. Greenleaf Trust now owns 4,152 shares of the technology company’s stock valued at $263,000 after purchasing an additional 545 shares in the last quarter. Finally, ING Groep NV raised its stake in shares of Fortive by 0.6% during the second quarter. ING Groep NV now owns 15,448 shares of the technology company’s stock valued at $979,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.

Shares of Fortive Corporation (FTV) opened at $72.13 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54. Fortive Corporation has a 1 year low of $52.99 and a 1 year high of $74.38. The company has a market cap of $25,069.43, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. Fortive had a net margin of 14.39% and a return on equity of 31.67%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Fortive’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts anticipate that Fortive Corporation will post 2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 24th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, November 22nd. Fortive’s dividend payout ratio (DPR) is presently 10.57%.

FTV has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $62.00 price objective on shares of Fortive in a research note on Sunday, July 30th. Royal Bank Of Canada restated a “sector perform” rating and set a $66.00 price objective (up from $65.00) on shares of Fortive in a research note on Sunday, July 30th. Zacks Investment Research cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $72.00 price target (up from $71.00) on shares of Fortive in a research report on Monday, October 2nd. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $72.00 price target (up from $65.00) on shares of Fortive in a research report on Monday, October 9th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $70.27.

In other Fortive news, insider James A. Lico sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the sale, the insider now owns 166,014 shares in the company, valued at approximately $12,142,263.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Stacey A. Walker sold 4,775 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total value of $346,139.75. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Fortive Corporation (FTV) Position Raised by Norinchukin Bank The” was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/11/26/fortive-corporation-ftv-position-raised-by-norinchukin-bank-the.html.

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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corporation (NYSE:FTV).

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply