Checchi Capital Advisers LLC boosted its holdings in shares of Fortive Corp (NYSE:FTV) by 79.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,079 shares of the technology company’s stock after purchasing an additional 2,242 shares during the period. Checchi Capital Advisers LLC’s holdings in Fortive were worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial For Lutherans raised its stake in shares of Fortive by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 11,415 shares of the technology company’s stock valued at $723,000 after acquiring an additional 370 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Fortive by 1.8% in the second quarter. Nordea Investment Management AB now owns 16,804 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 301 shares during the last quarter. Virtu KCG Holdings LLC raised its position in Fortive by 2.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 7,875 shares of the technology company’s stock worth $499,000 after purchasing an additional 211 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fortive by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 871,762 shares of the technology company’s stock worth $55,224,000 after purchasing an additional 21,041 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Fortive by 26.4% in the 2nd quarter. HighTower Advisors LLC now owns 18,920 shares of the technology company’s stock worth $1,201,000 after purchasing an additional 3,951 shares during the last quarter. Hedge funds and other institutional investors own 78.86% of the company’s stock.

Shares of Fortive Corp (FTV) opened at $75.35 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. Fortive Corp has a fifty-two week low of $54.88 and a fifty-two week high of $76.68. The company has a market cap of $26,258.09, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.51.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, February 22nd. Fortive’s dividend payout ratio is presently 10.57%.

In other Fortive news, insider James A. Lico sold 50,000 shares of Fortive stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the sale, the insider now owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is currently owned by insiders.

FTV has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating and issued a $81.00 price objective on shares of Fortive in a research report on Friday, October 27th. Royal Bank of Canada restated a “hold” rating and issued a $79.00 price objective on shares of Fortive in a research report on Thursday, January 4th. Citigroup boosted their price objective on shares of Fortive from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.30.

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Fortive Profile

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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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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