Pathstone Family Office LLC Purchases 14,639 Shares of Fortive Co. (NYSE:FTV)

Pathstone Family Office LLC raised its holdings in shares of Fortive Co. (NYSE:FTVFree Report) by 87.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 31,436 shares of the technology company’s stock after purchasing an additional 14,639 shares during the period. Pathstone Family Office LLC’s holdings in Fortive were worth $2,367,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of Fortive in the 1st quarter worth approximately $66,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Fortive by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,124,090 shares of the technology company’s stock worth $129,421,000 after buying an additional 127,093 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of Fortive by 123.0% in the 1st quarter. Panagora Asset Management Inc. now owns 19,004 shares of the technology company’s stock worth $1,158,000 after buying an additional 10,481 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Fortive by 11.7% in the 1st quarter. Cibc World Market Inc. now owns 21,144 shares of the technology company’s stock worth $1,288,000 after buying an additional 2,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Fortive by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,658 shares of the technology company’s stock worth $103,217,000 after buying an additional 84,238 shares during the last quarter. Hedge funds and other institutional investors own 95.95% of the company’s stock.

Fortive Price Performance

NYSE:FTV opened at $82.70 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 1.34. The firm has a market cap of $35.34 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.60 and a beta of 1.13. The company has a 50 day moving average price of $73.66 and a 200-day moving average price of $73.45. Fortive Co. has a 1-year low of $62.70 and a 1-year high of $83.46.

Fortive (NYSE:FTVGet Free Report) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.56 billion. Fortive had a net margin of 14.27% and a return on equity of 12.12%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Equities research analysts forecast that Fortive Co. will post 3.78 EPS for the current year.

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is 13.11%.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Fortive from $83.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Royal Bank of Canada lifted their target price on shares of Fortive from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 1st. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Vertical Research cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Bank of America cut shares of Fortive from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Thursday, October 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Fortive currently has an average rating of “Moderate Buy” and an average price target of $81.92.

Check Out Our Latest Stock Report on FTV

About Fortive

(Free Report)

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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