Fortive Co. (NYSE:FTV) Stock Holdings Lessened by Alerus Financial NA

Alerus Financial NA lowered its stake in Fortive Co. (NYSE:FTVGet Rating) by 89.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,565 shares of the technology company’s stock after selling 61,864 shares during the period. Alerus Financial NA’s holdings in Fortive were worth $460,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FTV. HighTower Advisors LLC increased its holdings in shares of Fortive by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 114,785 shares of the technology company’s stock valued at $8,747,000 after buying an additional 1,898 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Fortive by 62.5% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 26,697 shares of the technology company’s stock worth $2,029,000 after purchasing an additional 10,265 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Fortive during the 4th quarter worth approximately $618,000. Aviva PLC grew its position in Fortive by 3.1% during the 4th quarter. Aviva PLC now owns 102,454 shares of the technology company’s stock worth $7,816,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Fortive by 2.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,328,060 shares of the technology company’s stock worth $482,768,000 after purchasing an additional 135,778 shares in the last quarter. Institutional investors own 94.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FTV. Robert W. Baird lowered their price objective on shares of Fortive from $81.00 to $77.00 in a research report on Friday, July 29th. Cowen lowered their price objective on shares of Fortive from $80.00 to $70.00 and set a “market perform” rating on the stock in a research report on Thursday, June 2nd. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Morgan Stanley boosted their price target on shares of Fortive from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of Fortive from $57.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, August 1st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fortive currently has an average rating of “Hold” and an average price target of $72.64.

Fortive Trading Up 0.7 %

Shares of NYSE:FTV opened at $65.27 on Friday. The stock has a market capitalization of $23.22 billion, a PE ratio of 36.26, a P/E/G ratio of 2.22 and a beta of 1.15. Fortive Co. has a 1 year low of $52.47 and a 1 year high of $79.87. The firm has a fifty day moving average price of $61.86 and a 200 day moving average price of $60.25. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Fortive (NYSE:FTVGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Fortive had a net margin of 11.86% and a return on equity of 11.25%. Fortive’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Analysts expect that Fortive Co. will post 3.11 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Tuesday, August 30th. Fortive’s dividend payout ratio is 15.56%.

Fortive Company Profile

(Get Rating)

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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