Cadinha & Co. LLC Buys New Stake in Fortive Corporation (FTV)

Cadinha & Co. LLC bought a new position in Fortive Corporation (NYSE:FTV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,875 shares of the technology company’s stock, valued at approximately $204,000.

A number of other large investors also recently made changes to their positions in the stock. Mirador Capital Partners LP grew its position in Fortive by 0.4% in the second quarter. Mirador Capital Partners LP now owns 6,013 shares of the technology company’s stock worth $404,000 after acquiring an additional 26 shares in the last quarter. North Star Asset Management Inc. grew its position in Fortive by 0.4% in the second quarter. North Star Asset Management Inc. now owns 7,701 shares of the technology company’s stock worth $488,000 after acquiring an additional 32 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fortive by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,402 shares of the technology company’s stock worth $1,419,000 after acquiring an additional 72 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Fortive by 2.8% in the second quarter. TCI Wealth Advisors Inc. now owns 2,847 shares of the technology company’s stock worth $180,000 after acquiring an additional 77 shares in the last quarter. Finally, J.P. Marvel Investment Advisors LLC grew its position in Fortive by 0.5% in the second quarter. J.P. Marvel Investment Advisors LLC now owns 16,785 shares of the technology company’s stock worth $1,063,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 78.96% of the company’s stock.

In other news, SVP Stacey A. Walker sold 4,775 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James A. Lico sold 50,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the transaction, the insider now directly owns 166,014 shares of the company’s stock, valued at $12,142,263.96. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.

Several analysts have issued reports on the stock. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. ValuEngine lowered shares of Fortive from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. BMO Capital Markets assumed coverage on shares of Fortive in a research report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $81.00 price target on shares of Fortive in a research report on Friday, October 27th. Finally, Citigroup upped their price target on shares of Fortive from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $70.27.

Fortive Corporation (NYSE:FTV) traded up $0.34 during trading on Thursday, hitting $73.29. 1,119,500 shares of the stock were exchanged, compared to its average volume of 1,349,945. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $25,354.43, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.52 and a beta of 0.38. Fortive Corporation has a one year low of $52.99 and a one year high of $75.69.

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 Zacks’ consensus estimate of $0.73 by $0.04. The company had revenue of $1.68 billion during 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%. Fortive’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. sell-side analysts anticipate that Fortive Corporation will post 2.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. Fortive’s dividend payout ratio is currently 10.57%.

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Fortive 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.

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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