Paradigm Asset Management Co. LLC Purchases Shares of 14,900 Fortive Corporation $FTV

Paradigm Asset Management Co. LLC acquired a new stake in Fortive Corporation (NYSE:FTV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,900 shares of the technology company’s stock, valued at approximately $777,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dodge & Cox increased its position in Fortive by 181.5% during the first quarter. Dodge & Cox now owns 21,900,363 shares of the technology company’s stock worth $1,602,669,000 after buying an additional 14,120,456 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Fortive by 50.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,112,403 shares of the technology company’s stock worth $959,567,000 after acquiring an additional 4,382,242 shares during the period. Invesco Ltd. increased its holdings in shares of Fortive by 96.6% during the 1st quarter. Invesco Ltd. now owns 5,626,962 shares of the technology company’s stock worth $411,781,000 after acquiring an additional 2,764,432 shares during the last quarter. Pacer Advisors Inc. raised its stake in Fortive by 4,854.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,451,325 shares of the technology company’s stock valued at $106,208,000 after acquiring an additional 1,422,030 shares during the period. Finally, Nuveen LLC bought a new stake in Fortive in the 1st quarter valued at $76,671,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

FTV has been the topic of several research reports. Royal Bank Of Canada decreased their price objective on shares of Fortive from $58.00 to $56.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. Zacks Research raised shares of Fortive from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Citigroup increased their price target on shares of Fortive from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Barclays raised their price objective on shares of Fortive from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on Fortive from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, Fortive presently has a consensus rating of “Hold” and a consensus target price of $59.29.

Insider Buying and Selling

In other Fortive news, SVP Stacey A. Walker sold 2,192 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $50.35, for a total value of $110,367.20. Following the completion of the sale, the senior vice president directly owned 59,488 shares in the company, valued at $2,995,220.80. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.92% of the company’s stock.

Fortive Trading Up 0.3%

NYSE FTV opened at $51.22 on Friday. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.09 and a beta of 1.16. The business’s fifty day moving average is $49.06 and its 200-day moving average is $56.51. Fortive Corporation has a one year low of $46.34 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.58.

Fortive (NYSE:FTV) last released its quarterly earnings results on Monday, June 9th. The technology company reported $0.80 earnings per share for the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. The firm had revenue of $1.07 billion for the quarter. Equities research analysts predict that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Fortive’s payout ratio is 13.71%.

Fortive Company 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.