Fortive (FTV) Rating Increased to B- at TheStreet
Fortive (NYSE:FTV) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Monday.
FTV has been the topic of several other reports. Barclays initiated coverage on Fortive in a research report on Thursday, February 15th. They set an “overweight” rating and a $86.00 target price on the stock. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Friday, March 9th. Zacks Investment Research downgraded Fortive from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Finally, ValuEngine upgraded Fortive from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fortive has an average rating of “Buy” and an average target price of $80.89.
NYSE FTV opened at $78.29 on Monday. Fortive has a twelve month low of $62.05 and a twelve month high of $80.31. The stock has a market cap of $27.32 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. The company has a current ratio of 2.11, a quick ratio of 1.69 and a debt-to-equity ratio of 0.97.
In other news, insider James A. Lico sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $71.93, for a total value of $5,394,750.00. Following the transaction, the insider now directly owns 307,442 shares in the company, valued at approximately $22,114,303.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Emily A. Weaver sold 18,354 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $73.80, for a total value of $1,354,525.20. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FTV. Calton & Associates Inc. acquired a new stake in shares of Fortive in the fourth quarter valued at about $107,000. Signaturefd LLC acquired a new stake in shares of Fortive in the first quarter valued at about $114,000. Stratos Wealth Partners LTD. grew its stake in shares of Fortive by 56.3% in the first quarter. Stratos Wealth Partners LTD. now owns 2,125 shares of the technology company’s stock valued at $165,000 after buying an additional 765 shares in the last quarter. Optimum Investment Advisors acquired a new stake in shares of Fortive in the first quarter valued at about $172,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Fortive in the fourth quarter valued at about $184,000. Institutional investors own 79.60% of the company’s stock.
Fortive Company Profile
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.
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