Calton & Associates Inc. acquired a new position in shares of Fortive Corp (NYSE:FTV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,427 shares of the technology company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Fortive by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 3,852,139 shares of the technology company’s stock worth $278,702,000 after acquiring an additional 14,898 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Fortive by 14.0% during the third quarter. JPMorgan Chase & Co. now owns 2,221,540 shares of the technology company’s stock worth $155,332,000 after acquiring an additional 273,003 shares during the last quarter. Wells Fargo & Company MN increased its stake in Fortive by 3.8% during the third quarter. Wells Fargo & Company MN now owns 2,206,402 shares of the technology company’s stock worth $156,191,000 after acquiring an additional 80,482 shares during the last quarter. APG Asset Management N.V. increased its stake 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 acquiring an additional 724,400 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Fortive by 9.0% during the third quarter. Legal & General Group Plc now owns 1,614,107 shares of the technology company’s stock worth $114,261,000 after acquiring an additional 133,704 shares during the last quarter. 78.59% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on Fortive from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. BMO Capital Markets reduced their price objective on Fortive from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Zacks Investment Research raised Fortive from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, January 11th. Royal Bank of Canada reissued a “hold” rating on shares of Fortive in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Fortive from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.50.

Fortive Corp (NYSE:FTV) opened at $74.14 on Wednesday. The company has a market capitalization of $25,770.00 and a P/E ratio of 25.05. Fortive Corp has a 52 week low of $56.73 and a 52 week high of $76.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 1.83.

Fortive (NYSE:FTV) last released its earnings results on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. sell-side analysts forecast that Fortive Corp will post 3.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be paid 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 dividend yield of 0.38%. Fortive’s dividend payout ratio is 9.46%.

TRADEMARK VIOLATION NOTICE: “Calton & Associates Inc. Acquires Shares of 1,427 Fortive Corp (FTV)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://theolympiareport.com/2018/02/14/calton-associates-inc-acquires-shares-of-1427-fortive-corp-ftv.html.

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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corp (NYSE:FTV).

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.