Tompkins Financial Corp decreased its holdings in Fortive Corp (NYSE:FTV) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,834 shares of the technology company’s stock after selling 650 shares during the period. Tompkins Financial Corp’s holdings in Fortive were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in Fortive by 32.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,523 shares of the technology company’s stock worth $178,000 after acquiring an additional 612 shares in the last quarter. Baird Financial Group Inc. increased its position in Fortive by 16.7% in the 4th quarter. Baird Financial Group Inc. now owns 13,033 shares of the technology company’s stock worth $995,000 after buying an additional 1,866 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Fortive by 1.8% during the fourth quarter. Macquarie Group Ltd. now owns 110,385 shares of the technology company’s stock worth $8,432,000 after buying an additional 1,979 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Fortive by 97.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,577 shares of the technology company’s stock valued at $2,180,000 after acquiring an additional 14,077 shares during the period. Finally, TFG Advisers LLC acquired a new stake in shares of Fortive in the fourth quarter worth $28,000. 82.54% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on FTV. Robert W. Baird raised shares of Fortive from a “neutral” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, June 25th. Rosenblatt Securities increased their target price on shares of Fortive from $68.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup assumed coverage on Fortive in a research note on Monday, April 27th. They set a “buy” rating and a $70.00 price target on the stock. Barclays upped their price target on Fortive from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Zacks Investment Research raised Fortive from a “sell” rating to a “hold” rating and set a $71.00 price objective on the stock in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.38.
FTV stock opened at $70.19 on Friday. The business has a fifty day moving average price of $68.55 and a 200 day moving average price of $65.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.13 and a quick ratio of 1.32. Fortive Corp has a fifty-two week low of $37.31 and a fifty-two week high of $80.61. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 47.43, a P/E/G ratio of 4.59 and a beta of 1.24.
Fortive (NYSE:FTV) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.58 by $0.10. Fortive had a return on equity of 16.22% and a net margin of 8.00%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities analysts expect that Fortive Corp will post 2.93 earnings per share for the current fiscal year.
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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