Barrett Asset Management LLC acquired a new position in shares of Fortive Corporation (NYSE:FTV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,250 shares of the technology company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its stake in shares of Fortive Corporation by 15.2% in the first quarter. Creative Planning now owns 7,316 shares of the technology company’s stock valued at $441,000 after buying an additional 967 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Fortive Corporation by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 94,305 shares of the technology company’s stock valued at $5,679,000 after buying an additional 1,500 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Fortive Corporation by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 1,991 shares of the technology company’s stock valued at $112,000 after buying an additional 7 shares during the last quarter. National Pension Service increased its stake in shares of Fortive Corporation by 37.1% in the first quarter. National Pension Service now owns 256,990 shares of the technology company’s stock valued at $15,322,000 after buying an additional 69,592 shares during the last quarter. Finally, Baker Boyer National Bank bought a new stake in shares of Fortive Corporation during the first quarter valued at approximately $218,000. 79.85% of the stock is owned by institutional investors.

Fortive Corporation (NYSE:FTV) opened at 66.92 on Wednesday. Fortive Corporation has a 12 month low of $46.81 and a 12 month high of $67.20. The stock has a 50 day moving average of $64.13 and a 200 day moving average of $60.81. The firm has a market capitalization of $23.23 billion, a PE ratio of 26.36 and a beta of 0.23.

Fortive Corporation (NYSE:FTV) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Fortive Corporation had a net margin of 14.02% and a return on equity of 32.88%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the business earned $0.64 earnings per share. Fortive Corporation’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Fortive Corporation will post $2.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 25th will be given a $0.07 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.42%. Fortive Corporation’s dividend payout ratio (DPR) is currently 11.02%.

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Several analysts recently commented on the stock. Zacks Investment Research raised shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, July 24th. Barclays PLC set a $66.00 target price on shares of Fortive Corporation and gave the stock a “buy” rating in a report on Sunday, April 30th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Fortive Corporation in a report on Monday, May 22nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fortive Corporation in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $66.00 target price (up previously from $65.00) on shares of Fortive Corporation in a report on Sunday, July 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Fortive Corporation has a consensus rating of “Hold” and an average price target of $61.82.

In other news, VP Emily A. Weaver sold 3,749 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total value of $233,450.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Raj Ratnakar sold 11,642 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $62.31, for a total transaction of $725,413.02. Following the completion of the transaction, the vice president now owns 5,020 shares of the company’s stock, valued at $312,796.20. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by company insiders.

About Fortive Corporation

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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Institutional Ownership by Quarter for Fortive Corporation (NYSE:FTV)

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