3,331 Shares in Fortive Corporation (FTV) Purchased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC acquired a new position in Fortive Corporation (NYSE:FTV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,331 shares of the technology company’s stock, valued at approximately $236,000.

Several other institutional investors have also recently modified their holdings of FTV. APG Asset Management N.V. increased its position in Fortive by 49.7% during the third quarter. APG Asset Management N.V. now owns 2,182,268 shares of the technology company’s stock worth $154,483,000 after acquiring an additional 724,400 shares during the period. Swiss National Bank increased its position in Fortive by 3.2% during the second quarter. Swiss National Bank now owns 1,137,872 shares of the technology company’s stock worth $72,084,000 after acquiring an additional 35,300 shares during the period. Hikari Power Ltd increased its position in Fortive by 34.7% during the second quarter. Hikari Power Ltd now owns 141,700 shares of the technology company’s stock worth $8,977,000 after acquiring an additional 36,500 shares during the period. Synovus Financial Corp increased its position in Fortive by 23.9% during the second quarter. Synovus Financial Corp now owns 29,587 shares of the technology company’s stock worth $1,872,000 after acquiring an additional 5,715 shares during the period. Finally, Toronto Dominion Bank increased its position in Fortive by 24.5% during the second quarter. Toronto Dominion Bank now owns 104,177 shares of the technology company’s stock worth $6,598,000 after acquiring an additional 20,519 shares during the period. Institutional investors and hedge funds own 78.96% of the company’s stock.

Fortive Corporation (FTV) traded down $0.07 on Monday, hitting $74.58. 1,322,300 shares of the stock traded hands, compared to its average volume of 1,353,028. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. Fortive Corporation has a fifty-two week low of $52.99 and a fifty-two week high of $75.69. The company has a market cap of $25,920.95, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.58 and a beta of 0.38.

Fortive (NYSE:FTV) last posted its earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. Fortive had a net margin of 14.39% and a return on equity of 31.67%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. sell-side analysts predict that Fortive Corporation will post 2.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, November 24th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 annualized dividend and a yield of 0.38%. Fortive’s dividend payout ratio (DPR) is 10.57%.

In other Fortive news, SVP Stacey A. Walker sold 4,775 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total transaction of $346,139.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James A. Lico sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the transaction, the insider now owns 166,014 shares in the company, valued at $12,142,263.96. The disclosure for this sale can be found here. 12.10% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on the stock. Argus raised shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine lowered shares of Fortive from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets initiated coverage on shares of Fortive in a report on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price target on the stock. SunTrust Banks reissued a “buy” rating and issued a $81.00 price target on shares of Fortive in a report on Friday, October 27th. Finally, Citigroup boosted their price target on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.27.

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Fortive 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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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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