San Francisco Sentry Investment Group CA lessened its position in Fortive Corp (NYSE:FTV) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,626 shares of the technology company’s stock after selling 4,500 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Fortive were worth $1,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bessemer Group Inc. grew its stake in Fortive by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 3,852,139 shares of the technology company’s stock valued at $278,702,000 after acquiring an additional 14,898 shares during the period. JPMorgan Chase & Co. grew its stake in Fortive by 14.0% in the third quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock valued at $155,332,000 after acquiring an additional 273,003 shares during the period. Wells Fargo & Company MN grew its stake in Fortive by 3.8% in the third quarter. Wells Fargo & Company MN now owns 2,206,402 shares of the technology company’s stock valued at $156,191,000 after acquiring an additional 80,482 shares during the period. APG Asset Management N.V. grew its stake in Fortive by 49.7% in the third quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock valued at $154,483,000 after acquiring an additional 724,400 shares during the period. Finally, Legal & General Group Plc grew its stake in Fortive by 9.0% in the third quarter. Legal & General Group Plc now owns 1,614,107 shares of the technology company’s stock valued at $114,261,000 after acquiring an additional 133,704 shares during the period. 78.96% of the stock is owned by hedge funds and other institutional investors.

Fortive Corp (FTV) opened at $72.45 on Friday. The stock has a market capitalization of $25,180.65, a P/E ratio of 24.48, a P/E/G ratio of 2.22 and a beta of 0.51. 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 1 year low of $56.68 and a 1 year high of $76.68.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors 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 annualized dividend and a dividend yield of 0.39%. Fortive’s payout ratio is 9.46%.

FTV has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Fortive in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price objective for the company. Royal Bank of Canada reissued a “hold” rating and issued a $79.00 price objective on shares of Fortive in a research note on Thursday, January 4th. Zacks Investment Research cut Fortive from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. UBS Group started coverage on Fortive in a research report on Monday, January 22nd. They set a “buy” rating on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $81.00 target price on shares of Fortive in a research report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fortive currently has an average rating of “Hold” and a consensus target price of $73.70.

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About Fortive

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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