Bp Plc held its stake in shares of Fortive Corporation (NYSE:FTV) during the second quarter, according to its most recent filing with the SEC. The fund owned 36,000 shares of the technology company’s stock at the end of the second quarter. Bp Plc’s holdings in Fortive Corporation were worth $2,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FTV. Advisor Partners LLC increased its stake in shares of Fortive Corporation by 5.8% in the second quarter. Advisor Partners LLC now owns 7,563 shares of the technology company’s stock valued at $479,000 after buying an additional 413 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Fortive Corporation by 1.3% in the second quarter. Pictet Asset Management Ltd. now owns 377,692 shares of the technology company’s stock valued at $23,587,000 after buying an additional 5,000 shares during the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of Fortive Corporation by 11.5% in the second quarter. Palisade Capital Management LLC NJ now owns 162,354 shares of the technology company’s stock valued at $10,285,000 after buying an additional 16,692 shares during the last quarter. Endurance Wealth Management Inc. increased its stake in shares of Fortive Corporation by 1.0% in the second quarter. Endurance Wealth Management Inc. now owns 32,882 shares of the technology company’s stock valued at $2,083,000 after buying an additional 320 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Fortive Corporation by 9.2% in the second quarter. Cullen Frost Bankers Inc. now owns 95,515 shares of the technology company’s stock valued at $6,051,000 after buying an additional 8,077 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortive Corporation (FTV) opened at 65.53 on Friday. The company’s 50-day moving average is $64.38 and its 200-day moving average is $61.16. Fortive Corporation has a 12-month low of $46.81 and a 12-month high of $67.48. The stock has a market cap of $22.75 billion, a P/E ratio of 25.81 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 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 analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect 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. Investors of record on Friday, August 25th will be issued 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 0.43%. Fortive Corporation’s dividend payout ratio (DPR) is presently 11.02%.

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Several brokerages have recently weighed in on FTV. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 target price (up previously from $65.00) on shares of Fortive Corporation in a report on Sunday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $62.00 target price on shares of Fortive Corporation in a report on Sunday, July 30th. Zacks Investment Research raised shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fortive Corporation in a report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Fortive Corporation in a report on Monday, May 22nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.82.

In other Fortive Corporation news, VP Raj Ratnakar sold 11,642 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $62.31, for a total transaction of $725,413.02. Following the transaction, the vice president now owns 5,020 shares of the company’s stock, valued at approximately $312,796.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Emily A. Weaver sold 3,749 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.27, for a total transaction of $233,450.23. The disclosure for this sale can be found here. 12.10% of the stock is 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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