Marshall & Sullivan Inc. WA Increases Stake in Fortive Corp (NYSE:FTV)

Marshall & Sullivan Inc. WA lifted its stake in shares of Fortive Corp (NYSE:FTV) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,696 shares of the technology company’s stock after buying an additional 2,705 shares during the quarter. Fortive comprises 1.9% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 25th largest position. Marshall & Sullivan Inc. WA’s holdings in Fortive were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Investment Services of America Inc. increased its position in shares of Fortive by 6.5% during the third quarter. Capital Investment Services of America Inc. now owns 200,268 shares of the technology company’s stock valued at $13,730,000 after buying an additional 12,203 shares during the period. VeraBank N.A. increased its position in shares of Fortive by 4.7% during the third quarter. VeraBank N.A. now owns 6,737 shares of the technology company’s stock valued at $462,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. increased its position in shares of Fortive by 10.8% during the third quarter. Pacer Advisors Inc. now owns 30,775 shares of the technology company’s stock valued at $2,110,000 after buying an additional 3,008 shares during the period. Cerebellum GP LLC increased its position in shares of Fortive by 45.4% during the third quarter. Cerebellum GP LLC now owns 6,432 shares of the technology company’s stock valued at $441,000 after buying an additional 2,007 shares during the period. Finally, Diversified Trust Co increased its position in shares of Fortive by 33.8% during the third quarter. Diversified Trust Co now owns 8,439 shares of the technology company’s stock valued at $579,000 after buying an additional 2,130 shares during the period. Institutional investors own 82.60% of the company’s stock.

In related news, SVP Stacey A. Walker sold 34,446 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.70, for a total transaction of $2,435,332.20. Following the sale, the senior vice president now owns 20,015 shares of the company’s stock, valued at $1,415,060.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.70% of the company’s stock.



NYSE:FTV opened at $67.95 on Friday. Fortive Corp has a one year low of $62.89 and a one year high of $89.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.23 and a quick ratio of 0.98. The company’s 50-day simple moving average is $68.30 and its 200 day simple moving average is $77.26. The firm has a market capitalization of $21.77 billion, a P/E ratio of 22.21, a PEG ratio of 2.48 and a beta of 1.21.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Fortive had a net margin of 38.22% and a return on equity of 18.43%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Fortive’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts expect that Fortive Corp will post 3.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, August 29th. Fortive’s payout ratio is currently 9.15%.

Several brokerages recently issued reports on FTV. Berenberg Bank set a $86.00 price target on shares of Fortive and gave the company a “buy” rating in a research report on Wednesday, September 18th. Morgan Stanley reduced their price target on shares of Fortive from $85.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday. Raymond James set a $84.00 price target on shares of Fortive and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays reduced their price target on shares of Fortive from $89.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Bank of America reduced their price target on shares of Fortive from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Fortive presently has a consensus rating of “Hold” and an average target price of $79.55.

About Fortive

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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