NBW Capital LLC Has $3.44 Million Stock Position in Fortive Co. (NYSE:FTV)

NBW Capital LLC increased its stake in shares of Fortive Co. (NYSE:FTV) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,037 shares of the technology company’s stock after acquiring an additional 612 shares during the period. NBW Capital LLC’s holdings in Fortive were worth $3,444,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Flossbach Von Storch AG increased its position in Fortive by 4.8% during the fourth quarter. Flossbach Von Storch AG now owns 11,107,878 shares of the technology company’s stock worth $817,873,000 after buying an additional 512,414 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Fortive by 13.1% during the 4th quarter. Brown Advisory Inc. now owns 7,577,474 shares of the technology company’s stock valued at $557,929,000 after purchasing an additional 878,523 shares during the last quarter. Boston Partners lifted its holdings in Fortive by 19.3% during the 1st quarter. Boston Partners now owns 6,463,772 shares of the technology company’s stock valued at $554,253,000 after purchasing an additional 1,045,245 shares during the last quarter. Janus Henderson Group PLC boosted its position in Fortive by 47.1% during the first quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock worth $537,119,000 after purchasing an additional 1,999,792 shares during the period. Finally, Capital World Investors increased its holdings in shares of Fortive by 0.6% in the fourth quarter. Capital World Investors now owns 5,847,724 shares of the technology company’s stock valued at $430,568,000 after purchasing an additional 33,990 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on FTV. Royal Bank of Canada reduced their target price on shares of Fortive from $83.00 to $77.00 and set a “sector perform” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $95.00 to $90.00 in a research report on Wednesday, April 17th. Citigroup dropped their price target on Fortive from $101.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Truist Financial decreased their price objective on Fortive from $89.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Saturday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and a consensus price target of $84.91.

Fortive Price Performance

Shares of NYSE FTV traded down $2.02 during mid-day trading on Friday, hitting $68.44. 2,909,871 shares of the stock traded hands, compared to its average volume of 1,975,655. The company has a market cap of $23.98 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. Fortive Co. has a twelve month low of $63.05 and a twelve month high of $87.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $73.44 and a two-hundred day simple moving average of $78.35.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Fortive had a return on equity of 12.32% and a net margin of 14.39%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Fortive Co. will post 3.82 EPS for the current fiscal year.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.