Fortive Corporation (FTV) Shares Bought by Dempze Nancy E
Dempze Nancy E boosted its stake in shares of Fortive Corporation (NYSE:FTV) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,243 shares of the technology company’s stock after purchasing an additional 2,062 shares during the quarter. Dempze Nancy E’s holdings in Fortive Corporation were worth $655,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in FTV. Jacobi Capital Management LLC increased its holdings in Fortive Corporation by 25.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock valued at $104,000 after buying an additional 350 shares during the period. BDO Wealth Advisors LLC bought a new stake in Fortive Corporation in the 2nd quarter valued at $128,000. Westwood Holdings Group Inc. bought a new stake in Fortive Corporation in the 2nd quarter valued at $139,000. Sun Life Financial INC increased its holdings in Fortive Corporation by 21,940.0% in the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after buying an additional 2,194 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Fortive Corporation by 1.0% in the 2nd quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock valued at $147,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 78.85% of the company’s stock.
Several equities research analysts have issued reports on the stock. Citigroup Inc. boosted their price target on shares of Fortive Corporation from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of Fortive Corporation from $62.00 to $72.00 and gave the company a “hold” rating in a report on Friday. SunTrust Banks, Inc. reissued a “buy” rating and issued a $81.00 price target on shares of Fortive Corporation in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $70.00 price target on shares of Fortive Corporation in a report on Wednesday, October 11th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $72.00 price target (up previously from $71.00) on shares of Fortive Corporation in a report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.10.
In other Fortive Corporation news, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $66.09, for a total value of $433,880.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.10% of the stock is currently owned by company insiders.
Fortive Corporation (NYSE FTV) traded down 0.14% during midday trading on Tuesday, hitting $72.36. 136,168 shares of the stock traded hands. Fortive Corporation has a 12-month low of $49.73 and a 12-month high of $74.38. The stock has a market capitalization of $25.12 billion, a PE ratio of 28.50 and a beta of 0.37. The firm’s 50 day moving average is $71.10 and its 200-day moving average is $65.68.
Fortive Corporation (NYSE:FTV) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Fortive Corporation had a return on equity of 31.67% and a net margin of 14.39%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business earned $0.65 earnings per share. Fortive Corporation’s revenue was up 7.4% on a year-over-year basis. On average, analysts anticipate that Fortive Corporation will post $2.84 EPS for the current fiscal year.
About Fortive Corporation
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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