Moreno Evelyn V cut its holdings in shares of Fortive Corp (NYSE:FTV) by 7.9% in the 4th quarter, HoldingsChannel reports. The fund owned 26,820 shares of the technology company’s stock after selling 2,288 shares during the period. Moreno Evelyn V’s holdings in Fortive were worth $1,940,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. acquired a new stake in shares of Fortive during the fourth quarter valued at about $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Fortive during the third quarter valued at about $135,000. Willingdon Wealth Management acquired a new stake in shares of Fortive during the third quarter valued at about $143,000. Westwood Holdings Group Inc. acquired a new stake in shares of Fortive during the second quarter valued at about $139,000. Finally, BB&T Investment Services Inc. bought a new position in shares of Fortive during the second quarter worth about $157,000. Institutional investors own 78.96% of the company’s stock.
Fortive Corp (FTV) opened at $69.14 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. Fortive Corp has a 12-month low of $56.16 and a 12-month high of $76.68. The company has a market cap of $24,916.51, a PE ratio of 26.09, a PEG ratio of 2.20 and a beta of 0.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be issued a $0.07 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.40%. Fortive’s dividend payout ratio is currently 10.57%.
FTV has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Fortive from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Citigroup increased their price target on shares of Fortive from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $81.00 price target on shares of Fortive in a research report on Friday, October 27th. BMO Capital Markets initiated coverage on shares of Fortive in a research report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, ValuEngine cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.80.
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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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