Mutual of America Capital Management LLC Has $2.89 Million Stake in Fortive Corp (FTV)
Mutual of America Capital Management LLC grew its stake in Fortive Corp (NYSE:FTV) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,965 shares of the technology company’s stock after acquiring an additional 2,200 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fortive were worth $2,891,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Fortive in the 3rd quarter worth $135,000. Westwood Holdings Group Inc. acquired a new stake in shares of Fortive in the 2nd quarter worth $139,000. Willingdon Wealth Management acquired a new stake in shares of Fortive in the 3rd quarter worth $143,000. Private Advisor Group LLC acquired a new stake in shares of Fortive in the 3rd quarter worth $200,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of Fortive in the 3rd quarter worth $201,000. Institutional investors and hedge funds own 78.96% of the company’s stock.
Shares of Fortive Corp (NYSE FTV) opened at $72.45 on Friday. Fortive Corp has a 52-week low of $56.68 and a 52-week high of $76.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. The company has a market capitalization of $25,180.65, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. Fortive’s dividend payout ratio is currently 9.46%.
A number of research firms have recently weighed in on FTV. Zacks Investment Research cut Fortive from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Argus raised Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets reissued a “buy” rating and issued a $88.00 price objective on shares of Fortive in a research report on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and issued a $79.00 price objective on shares of Fortive in a research report on Thursday, January 4th. Finally, UBS Group began coverage on Fortive in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.70.
Fortive Company 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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