Parkwood LLC acquired a new position in shares of Fortive Corporation (NYSE:FTV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,839 shares of the technology company’s stock, valued at approximately $201,000.

A number of other large investors also recently bought and sold shares of the business. State of Wisconsin Investment Board raised its position in Fortive Corporation by 6.4% during the third quarter. State of Wisconsin Investment Board now owns 288,093 shares of the technology company’s stock worth $20,394,000 after acquiring an additional 17,222 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Fortive Corporation by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 51,449 shares of the technology company’s stock worth $3,642,000 after acquiring an additional 900 shares during the period. Andra AP fonden raised its position in Fortive Corporation by 5.0% during the third quarter. Andra AP fonden now owns 48,400 shares of the technology company’s stock worth $3,426,000 after acquiring an additional 2,300 shares during the period. Middleton & Co Inc MA grew its holdings in shares of Fortive Corporation by 2.5% during the third quarter. Middleton & Co Inc MA now owns 131,180 shares of the technology company’s stock worth $9,286,000 after buying an additional 3,189 shares in the last quarter. Finally, Palisade Capital Management LLC NJ grew its holdings in shares of Fortive Corporation by 2.3% during the third quarter. Palisade Capital Management LLC NJ now owns 166,167 shares of the technology company’s stock worth $11,763,000 after buying an additional 3,813 shares in the last quarter. Institutional investors own 79.02% of the company’s stock.

Fortive Corporation (NYSE:FTV) opened at $72.77 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54. The company has a market cap of $25,535.16, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.54 and a beta of 0.37. Fortive Corporation has a 1 year low of $51.37 and a 1 year high of $74.38.

Fortive Corporation (NYSE:FTV) last announced its earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. equities research analysts forecast that Fortive Corporation will post 2.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 24th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. Fortive Corporation’s dividend payout ratio (DPR) is presently 10.57%.

A number of equities research analysts have recently issued reports on FTV shares. Zacks Investment Research raised shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Tuesday, September 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $81.00 target price on shares of Fortive Corporation in a report on Friday, October 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $72.00 target price (up previously from $71.00) on shares of Fortive Corporation in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $62.00 target price on shares of Fortive Corporation in a report on Sunday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $66.00 target price on shares of Fortive Corporation in a report on Friday, September 15th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fortive Corporation has an average rating of “Hold” and a consensus price target of $69.10.

In related news, CFO Charles E. Mclaughlin sold 6,565 shares of Fortive Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $66.09, for a total value of $433,880.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Stacey A. Walker sold 4,775 shares of Fortive Corporation stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $72.49, for a total transaction of $346,139.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,340 shares of company stock worth $4,437,021. Insiders own 12.10% of the company’s stock.

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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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