Stoneridge Investment Partners LLC reduced its position in Fortive Corporation (NYSE:FTV) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 57,249 shares of the technology company’s stock after selling 112 shares during the period. Stoneridge Investment Partners LLC’s holdings in Fortive Corporation were worth $3,627,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new stake in shares of Fortive Corporation during the first quarter worth about $102,000. Jacobi Capital Management LLC increased its stake in shares of Fortive Corporation by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,724 shares of the technology company’s stock worth $104,000 after buying an additional 350 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of Fortive Corporation by 20.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,800 shares of the technology company’s stock worth $108,000 after buying an additional 300 shares during the period. 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 worth $112,000 after buying an additional 7 shares during the period. Finally, First Personal Financial Services increased its stake in shares of Fortive Corporation by 17.3% in the first quarter. First Personal Financial Services now owns 2,372 shares of the technology company’s stock worth $142,000 after buying an additional 350 shares during the period. Institutional investors own 79.85% of the company’s stock.

Fortive Corporation (NYSE:FTV) opened at 66.82 on Thursday. The company has a market cap of $23.19 billion, a PE ratio of 26.32 and a beta of 0.23. The stock’s 50 day moving average price is $64.35 and its 200-day moving average price is $61.13. Fortive Corporation has a 1-year low of $46.81 and a 1-year high of $67.48.

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

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

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A number of brokerages have issued reports on FTV. Stifel Nicolaus restated a “hold” rating and set a $62.00 price objective on shares of Fortive Corporation in a research report on Sunday, July 30th. Cowen and Company upped their price objective on Fortive Corporation from $46.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, April 19th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fortive Corporation in a research report on Monday, May 22nd. Morgan Stanley restated an “equal weight” rating on shares of Fortive Corporation in a research report on Tuesday, July 11th. Finally, Barclays PLC set a $66.00 price objective on Fortive Corporation and gave the company a “buy” rating in a research report on Sunday, April 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $61.82.

In other Fortive Corporation 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 SEC, 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 stock was 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 directly owns 5,020 shares in the company, valued at $312,796.20. The disclosure for this sale can be found here. Company insiders own 12.10% of the company’s stock.

Fortive Corporation Company Profile

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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