Fortive Co. (NYSE:FTV) Holdings Lifted by Czech National Bank

Czech National Bank grew its position in Fortive Co. (NYSE:FTV) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,853 shares of the technology company’s stock after purchasing an additional 292 shares during the period. Czech National Bank’s holdings in Fortive were worth $3,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTV. Fairfield Bush & CO. bought a new position in Fortive in the 1st quarter worth about $66,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fortive by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,124,090 shares of the technology company’s stock worth $129,421,000 after acquiring an additional 127,093 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Fortive by 123.0% in the 1st quarter. Panagora Asset Management Inc. now owns 19,004 shares of the technology company’s stock worth $1,158,000 after acquiring an additional 10,481 shares during the period. Cibc World Market Inc. lifted its stake in shares of Fortive by 11.7% in the 1st quarter. Cibc World Market Inc. now owns 21,144 shares of the technology company’s stock worth $1,288,000 after acquiring an additional 2,217 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Fortive by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,693,658 shares of the technology company’s stock worth $103,217,000 after acquiring an additional 84,238 shares during the period. Institutional investors own 95.95% of the company’s stock.

Fortive Stock Up 0.6 %

Fortive stock opened at $76.47 on Tuesday. The firm has a market cap of $26.92 billion, a PE ratio of 33.98, a P/E/G ratio of 2.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.96. The firm’s 50 day moving average price is $77.00 and its two-hundred day moving average price is $70.62. Fortive Co. has a twelve month low of $57.43 and a twelve month high of $79.90.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Fortive had a net margin of 13.39% and a return on equity of 11.99%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. On average, research analysts predict that Fortive Co. will post 3.42 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. Fortive’s dividend payout ratio (DPR) is 12.44%.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Fortive from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Robert W. Baird increased their target price on shares of Fortive from $82.00 to $85.00 in a research note on Thursday, July 27th. Mizuho increased their target price on shares of Fortive from $63.00 to $70.00 in a research note on Thursday, July 27th. TD Cowen increased their target price on shares of Fortive from $70.00 to $72.00 and gave the company a “market perform” rating in a research note on Wednesday, August 23rd. Finally, StockNews.com began coverage on shares of Fortive in a research note on Thursday, August 17th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Fortive presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Insider Transactions at Fortive

In other news, CFO Charles E. Mclaughlin sold 16,911 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $76.66, for a total transaction of $1,296,397.26. Following the transaction, the chief financial officer now owns 101,319 shares in the company, valued at approximately $7,767,114.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Charles E. Mclaughlin sold 16,911 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $76.66, for a total transaction of $1,296,397.26. Following the completion of the sale, the chief financial officer now directly owns 101,319 shares of the company’s stock, valued at approximately $7,767,114.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christopher M. Mulhall sold 4,700 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $76.85, for a total transaction of $361,195.00. Following the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $1,652,812.95. The disclosure for this sale can be found here. Insiders have sold a total of 43,404 shares of company stock worth $3,324,757 in the last 90 days. 0.95% of the stock is owned by insiders.

Fortive Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Intelligent Operating Solutions segment provides advanced instrumentation, software and services, which includes electrical test and measurement, facility and asset lifecycle software applications, and worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.