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.
COPYRIGHT VIOLATION WARNING: “Stacey A. Walker Sells 4,775 Shares of Fortive Corporation (FTV) Stock” was published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/11/01/stacey-a-walker-sells-4775-shares-of-fortive-corporation-ftv-stock.html.
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.
What are top analysts saying about Fortive Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fortive Corporation and related companies.