Parametric Portfolio Associates LLC Buys 46,478 Shares of Fortive Corporation (FTV)

Parametric Portfolio Associates LLC lifted its stake in Fortive Corporation (NYSE:FTV) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 914,624 shares of the technology company’s stock after purchasing an additional 46,478 shares during the period. Parametric Portfolio Associates LLC owned 0.26% of Fortive worth $64,746,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in Fortive during the 3rd quarter worth $135,000. BDO Wealth Advisors LLC acquired a new stake in Fortive during the 2nd quarter worth $128,000. Willingdon Wealth Management acquired a new stake in Fortive during the 3rd quarter worth $143,000. Westwood Holdings Group Inc. acquired a new stake in Fortive during the 2nd quarter worth $139,000. Finally, Sun Life Financial INC raised its stake in Fortive by 21,940.0% during the 2nd quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock worth $140,000 after buying an additional 2,194 shares during the period. Institutional investors and hedge funds own 78.75% of the company’s stock.

Shares of Fortive Corporation (FTV) opened at $72.73 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.95 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $25,045.10, a PE ratio of 26.11, a P/E/G ratio of 2.49 and a beta of 0.38. Fortive Corporation has a 12-month low of $52.99 and a 12-month high of $75.69.

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

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

Several brokerages recently commented on FTV. Royal Bank of Canada reaffirmed a “hold” rating and set a $66.00 price objective on shares of Fortive in a research note on Friday, September 15th. Zacks Investment Research downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BMO Capital Markets initiated coverage on Fortive in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price target on the stock. Stifel Nicolaus lifted their price target on Fortive from $62.00 to $72.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Citigroup reissued a “neutral” rating and issued a $72.00 price target (up previously from $65.00) on shares of Fortive in a research note on Monday, October 9th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $70.27.

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

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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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