Steward Partners Investment Advisory LLC acquired a new position in shares of Fortive Corp (NYSE:FTV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,674 shares of the technology company’s stock, valued at approximately $218,000.

A number of other hedge funds have also bought and sold shares of the business. Artisan Partners Limited Partnership increased its holdings in Fortive by 16.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 4,757,642 shares of the technology company’s stock worth $399,119,000 after purchasing an additional 661,196 shares during the last quarter. Northern Trust Corp grew its position in shares of Fortive by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,318,093 shares of the technology company’s stock worth $362,244,000 after acquiring an additional 30,600 shares in the last quarter. Champlain Investment Partners LLC grew its position in shares of Fortive by 11.2% in the 1st quarter. Champlain Investment Partners LLC now owns 2,034,815 shares of the technology company’s stock worth $170,701,000 after acquiring an additional 205,445 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Fortive by 1.1% in the 1st quarter. Baillie Gifford & Co. now owns 1,568,150 shares of the technology company’s stock worth $131,552,000 after acquiring an additional 17,597 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Fortive by 1.1% in the 1st quarter. CIBC Private Wealth Group LLC now owns 1,394,258 shares of the technology company’s stock worth $116,964,000 after acquiring an additional 14,835 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

In other Fortive news, insider Martin Gafinowitz sold 20,000 shares of Fortive stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $81.74, for a total transaction of $1,634,800.00. Following the sale, the insider now owns 91,688 shares of the company’s stock, valued at approximately $7,494,577.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stacey A. Walker sold 34,446 shares of Fortive stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.70, for a total value of $2,435,332.20. Following the sale, the senior vice president now directly owns 20,015 shares in the company, valued at approximately $1,415,060.50. The disclosure for this sale can be found here. Insiders have sold a total of 54,965 shares of company stock worth $4,112,161 in the last ninety days. 12.70% of the stock is owned by company insiders.

Shares of Fortive stock opened at $70.01 on Wednesday. The firm’s fifty day simple moving average is $77.93. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. The company has a market cap of $23.66 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.08 and a beta of 1.19. Fortive Corp has a 1-year low of $62.89 and a 1-year high of $89.48.

Fortive (NYSE:FTV) last announced its earnings results on Thursday, July 25th. The technology company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.93 billion. Fortive had a return on equity of 18.43% and a net margin of 38.22%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. Equities research analysts predict that Fortive Corp will post 3.53 earnings per share for the current year.

Several research analysts have recently commented on the company. Berenberg Bank assumed coverage on Fortive in a research report on Wednesday, May 15th. They issued a “buy” rating and a $96.00 target price for the company. Zacks Investment Research lowered Fortive from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Argus reiterated a “buy” rating on shares of Fortive in a research report on Tuesday, April 30th. Raymond James set a $84.00 target price on Fortive and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets lifted their target price on Fortive from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.87.

About Fortive

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 software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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