Fortive Co. (NYSE:FTV) Shares Purchased by NBW Capital LLC


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NBW Capital LLC boosted its stake in Fortive Co. (NYSE:FTV) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,533 shares of the technology company’s stock after purchasing an additional 6,070 shares during the period. NBW Capital LLC’s holdings in Fortive were worth $4,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FTV. Exchange Traded Concepts LLC acquired a new stake in Fortive in the 4th quarter valued at approximately $25,000. Addison Advisors LLC acquired a new stake in Fortive in the 4th quarter valued at approximately $26,000. CI Investments Inc. acquired a new stake in Fortive in the 3rd quarter valued at approximately $39,000. Vectors Research Management LLC acquired a new stake in Fortive in the 4th quarter valued at approximately $43,000. Finally, Exane Derivatives purchased a new position in Fortive in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 84.71% of the company’s stock.

FTV traded down $0.49 on Tuesday, reaching $66.60. The company had a trading volume of 17,913 shares, compared to its average volume of 2,338,254. Fortive Co. has a 1 year low of $37.31 and a 1 year high of $82.12. The stock has a market capitalization of $22.46 billion, a PE ratio of 43.85, a P/E/G ratio of 5.13 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $69.18 and a 200-day moving average price of $70.65.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, February 3rd. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Fortive had a net margin of 8.21% and a return on equity of 16.30%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. As a group, analysts expect that Fortive Co. will post 2.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, February 26th will be given a $0.07 dividend. The ex-dividend date is Thursday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 0.42%. Fortive’s dividend payout ratio (DPR) is presently 8.05%.

Several brokerages have commented on FTV. Zacks Investment Research raised shares of Fortive from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research report on Tuesday. Rosenblatt Securities raised their price target on shares of Fortive from $68.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Citigroup raised their price target on shares of Fortive from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 5th. TheStreet raised shares of Fortive from a “c+” rating to a “b” rating in a research report on Thursday, November 5th. Finally, Credit Suisse Group decreased their price target on shares of Fortive from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.73.

In related news, SVP William W. Pringle sold 65,185 shares of the business’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $68.62, for a total value of $4,472,994.70. Following the completion of the sale, the senior vice president now directly owns 153,860 shares of the company’s stock, valued at $10,557,873.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.60% of the stock is owned by insiders.

Fortive Company 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, facilities management, public safety, mining, and healthcare applications, as well as environmental, health, and safety applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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