Stacey A. Walker Sells 4,775 Shares of Fortive Corporation (FTV) Stock

Fortive Corporation (NYSE:FTV) SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total value of $346,139.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Fortive Corporation (NYSE:FTV) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Fortive Corporation had a return on equity of 31.67% and a net margin of 14.39%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Fortive Corporation’s revenue for the quarter was up 7.4% on a year-over-year basis.

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Large investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC grew its holdings in Fortive Corporation by 25.5% during the first quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock valued at $104,000 after purchasing an additional 350 shares during the period. BDO Wealth Advisors LLC bought a new stake in Fortive Corporation during the second quarter valued at about $128,000. Westwood Holdings Group Inc. bought a new stake in Fortive Corporation during the second quarter valued at about $139,000. Sun Life Financial INC grew its holdings in Fortive Corporation by 21,940.0% during the second quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after purchasing an additional 2,194 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in Fortive Corporation by 1.0% during the second quarter. CENTRAL TRUST Co now owns 2,313 shares of the technology company’s stock valued at $147,000 after purchasing an additional 23 shares during the period. 78.85% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on FTV. Stifel Nicolaus increased their price target on Fortive Corporation from $62.00 to $72.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Citigroup Inc. increased their price target on Fortive Corporation from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $81.00 price target on shares of Fortive Corporation in a research note on Friday, October 27th. Zacks Investment Research upgraded Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $66.00 price target (up previously from $65.00) on shares of Fortive Corporation in a research note on Sunday, July 30th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $69.10.

Fortive Corporation Company Profile

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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