Osborn Williams & Donohoe LLC raised its stake in Fortive Corporation (NYSE:FTV) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,074 shares of the company’s stock after buying an additional 2,183 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Fortive Corporation were worth $1,774,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Profit Investment Management LLC acquired a new stake in shares of Fortive Corporation during the third quarter valued at approximately $243,000. Hall Laurie J Trustee acquired a new stake in shares of Fortive Corporation during the fourth quarter valued at approximately $342,000. Capital International Investors acquired a new stake in shares of Fortive Corporation during the third quarter valued at approximately $2,726,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Fortive Corporation by 10.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 78,372 shares of the company’s stock valued at $4,203,000 after buying an additional 7,141 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.
Fortive Corporation (NYSE:FTV) traded up 0.02% during trading on Wednesday, reaching $54.14. The company’s stock had a trading volume of 1,346,076 shares. Fortive Corporation has a 52 week low of $46.29 and a 52 week high of $56.24. The firm has a market cap of $18.72 billion and a P/E ratio of 21.18. The stock’s 50 day moving average is $54.20 and its 200-day moving average is $51.84.
Fortive Corporation (NYSE:FTV) last released its earnings results on Thursday, October 27th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. The company earned $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Fortive Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Fortive Corporation will post $2.50 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, November 25th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, November 22nd.
Several brokerages have commented on FTV. Zacks Investment Research upgraded shares of Fortive Corporation from a “sell” rating to a “hold” rating and set a $57.00 price target on the stock in a research report on Monday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Fortive Corporation in a research report on Thursday, December 15th. Oppenheimer Holdings, Inc. initiated coverage on Fortive Corporation in a research note on Wednesday. They issued a “market perform” rating on the stock. Barclays PLC reissued a “buy” rating and issued a $65.00 price target on shares of Fortive Corporation in a research note on Wednesday. Finally, Credit Suisse Group raised Fortive Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $54.00 to $60.00 in a research note on Friday, January 13th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.54.
Fortive Corporation Company Profile
Fortive Corporation (Fortive) is an industrial growth company, which operates businesses that design, develop, manufacture, service and market professional and engineered products, software and services for a range of end markets. The Company has two segments: Professional Instrumentation and Industrial Technologies.
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