Choreo LLC Purchases 3,692 Shares of Fortive Co. (NYSE:FTV)

Choreo LLC increased its position in shares of Fortive Co. (NYSE:FTV) by 57.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,148 shares of the technology company’s stock after acquiring an additional 3,692 shares during the period. Choreo LLC’s holdings in Fortive were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FTV. Capital Performance Advisors LLP acquired a new position in shares of Fortive in the third quarter valued at approximately $25,000. Versant Capital Management Inc grew its holdings in Fortive by 186.8% during the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock worth $34,000 after acquiring an additional 297 shares during the last quarter. Crews Bank & Trust acquired a new position in Fortive in the 4th quarter valued at approximately $37,000. Albion Financial Group UT bought a new position in shares of Fortive during the fourth quarter valued at $38,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Fortive during the third quarter worth $41,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Down 0.9 %

Fortive stock opened at $79.12 on Monday. The company has a market capitalization of $27.45 billion, a PE ratio of 31.52, a PEG ratio of 2.14 and a beta of 1.15. Fortive Co. has a 12-month low of $66.15 and a 12-month high of $87.10. The firm’s fifty day moving average is $77.65 and its 200 day moving average is $75.36. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same quarter last year, the company earned $0.98 EPS. As a group, sell-side analysts predict that Fortive Co. will post 3.84 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.40%. Fortive’s dividend payout ratio is 12.75%.

Wall Street Analyst Weigh In

FTV has been the subject of a number of recent research reports. UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price objective for the company. Wells Fargo & Company increased their price target on Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Argus reaffirmed a “hold” rating on shares of Fortive in a research note on Monday, November 18th. Barclays decreased their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price target on shares of Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Fortive presently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Fortive Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.