Fortive Co. (NYSE:FTV) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in Fortive Co. (NYSE:FTVFree Report) by 156.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,289 shares of the technology company’s stock after purchasing an additional 28,224 shares during the period. Tower Research Capital LLC TRC’s holdings in Fortive were worth $3,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Capital World Investors lifted its stake in shares of Fortive by 0.6% in the 4th quarter. Capital World Investors now owns 5,847,724 shares of the technology company’s stock valued at $430,568,000 after purchasing an additional 33,990 shares during the last quarter. Capital International Sarl lifted its stake in shares of Fortive by 10.6% in the 4th quarter. Capital International Sarl now owns 51,609 shares of the technology company’s stock valued at $3,800,000 after purchasing an additional 4,953 shares during the last quarter. Eisler Capital UK Ltd. acquired a new position in shares of Fortive in the 4th quarter valued at $261,000. Royal London Asset Management Ltd. lifted its stake in shares of Fortive by 6.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 139,671 shares of the technology company’s stock valued at $10,284,000 after purchasing an additional 7,913 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Fortive by 10.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,485 shares of the technology company’s stock valued at $1,508,000 after purchasing an additional 1,955 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

FTV has been the topic of several recent analyst reports. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup decreased their target price on Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. lowered Fortive from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $90.00 in a research note on Wednesday, April 17th. Truist Financial started coverage on Fortive in a research note on Thursday, March 14th. They set a “buy” rating and a $99.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Fortive from $92.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

Get Our Latest Stock Analysis on FTV

Fortive Trading Down 0.7 %

FTV opened at $72.75 on Friday. Fortive Co. has a one year low of $63.05 and a one year high of $87.10. The company has a market cap of $25.61 billion, a P/E ratio of 28.76, a PEG ratio of 2.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.50. The business’s 50-day simple moving average is $78.05 and its 200-day simple moving average is $77.61.

Fortive (NYSE:FTVGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Fortive had a return on equity of 12.22% and a net margin of 14.68%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. As a group, equities research analysts expect that Fortive Co. will post 3.8 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. Fortive’s payout ratio is currently 12.65%.

Fortive Profile

(Free Report)

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.

Further Reading

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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