LS Investment Advisors LLC increased its position in shares of Fortive Corp (NYSE:FTV) by 15.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,529 shares of the technology company’s stock after buying an additional 12,968 shares during the quarter. LS Investment Advisors LLC’s holdings in Fortive were worth $6,912,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. APG Asset Management N.V. boosted its holdings in Fortive by 49.7% during the third quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock worth $154,483,000 after buying an additional 724,400 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Fortive by 24.5% during the second quarter. Toronto Dominion Bank now owns 104,177 shares of the technology company’s stock valued at $6,598,000 after purchasing an additional 20,519 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fortive by 14.0% during the third quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock valued at $155,332,000 after purchasing an additional 273,003 shares in the last quarter. Park National Corp OH lifted its holdings in Fortive by 72.9% during the third quarter. Park National Corp OH now owns 46,309 shares of the technology company’s stock valued at $3,278,000 after purchasing an additional 19,529 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in Fortive during the third quarter valued at $357,000. 78.96% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Corp (FTV) opened at $72.45 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54. The firm has a market cap of $25,180.65, a PE ratio of 24.48, a PEG ratio of 2.22 and a beta of 0.51. Fortive Corp has a 52 week low of $56.68 and a 52 week high of $76.68.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a net margin of 15.69% and a return on equity of 32.05%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. research analysts anticipate that Fortive Corp will post 3.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be paid a $0.07 dividend. This represents a $0.28 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 is currently 9.46%.

Several equities analysts have issued reports on FTV shares. Zacks Investment Research raised shares of Fortive from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $79.00 price objective on shares of Fortive in a report on Thursday, January 4th. SunTrust Banks reaffirmed a “buy” rating and set a $81.00 price objective on shares of Fortive in a report on Friday, October 27th. Citigroup increased their price objective on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.70.

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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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