Fortive Corp (FTV) Shares Bought by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. grew its holdings in shares of Fortive Corp (NYSE:FTV) by 84.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505,829 shares of the technology company’s stock after acquiring an additional 232,149 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Fortive were worth $36,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Calton & Associates Inc. bought a new stake in shares of Fortive during the 4th quarter valued at about $107,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Fortive during the 3rd quarter valued at about $135,000. Willingdon Wealth Management bought a new stake in shares of Fortive during the 3rd quarter valued at about $143,000. Tower Research Capital LLC TRC bought a new stake in shares of Fortive during the 4th quarter valued at about $184,000. Finally, Private Advisor Group LLC bought a new stake in shares of Fortive during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 80.21% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of analysts have recently issued reports on FTV shares. BMO Capital Markets started coverage on Fortive in a research report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price target for the company. Royal Bank of Canada reiterated a “hold” rating and set a $79.00 price target on shares of Fortive in a research report on Thursday, January 4th. Barclays started coverage on Fortive in a research report on Thursday, February 15th. They set an “overweight” rating and a $86.00 price target for the company. UBS Group started coverage on Fortive in a research report on Monday, January 22nd. They set a “buy” rating for the company. Finally, Zacks Investment Research downgraded Fortive from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fortive has an average rating of “Hold” and a consensus price target of $77.50.

Fortive Corp (NYSE:FTV) opened at $80.27 on Friday. The firm has a market capitalization of $27,900.00 and a PE ratio of 29.08. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07. Fortive Corp has a 1-year low of $57.83 and a 1-year high of $80.31.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. Fortive’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. research analysts anticipate that Fortive Corp will post 3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Fortive’s dividend payout ratio is 10.14%.

ILLEGAL ACTIVITY WARNING: “Fortive Corp (FTV) Shares Bought by Amundi Pioneer Asset Management Inc.” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/03/10/fortive-corp-ftv-shares-bought-by-amundi-pioneer-asset-management-inc.html.

About Fortive

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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corp (NYSE:FTV).

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply