Cypress Asset Management Inc. TX cut its position in shares of Fortive Corporation (NYSE:FTV) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,265 shares of the technology company’s stock after selling 909 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Fortive Corporation were worth $514,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mirador Capital Partners LP increased its position in shares of Fortive Corporation by 0.4% during the 2nd quarter. Mirador Capital Partners LP now owns 6,013 shares of the technology company’s stock valued at $404,000 after purchasing an additional 26 shares during the last quarter. North Star Asset Management Inc. increased its position in shares of Fortive Corporation by 0.4% during the 2nd quarter. North Star Asset Management Inc. now owns 7,701 shares of the technology company’s stock valued at $488,000 after purchasing an additional 32 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Fortive Corporation by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,402 shares of the technology company’s stock valued at $1,419,000 after acquiring an additional 72 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in Fortive Corporation by 2.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,847 shares of the technology company’s stock valued at $180,000 after acquiring an additional 77 shares during the period. Finally, First Bank & Trust boosted its holdings in Fortive Corporation by 1.1% during the 2nd quarter. First Bank & Trust now owns 7,907 shares of the technology company’s stock valued at $501,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 78.35% of the company’s stock.

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In other Fortive Corporation news, insider James A. Lico sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total value of $3,657,000.00. Following the completion of the sale, the insider now owns 166,014 shares in the company, valued at approximately $12,142,263.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total value of $346,139.75. The disclosure for this sale can be found here. Company insiders own 12.10% of the company’s stock.

Fortive Corporation (NYSE:FTV) traded down $0.19 during midday trading on Monday, reaching $72.25. The company’s stock had a trading volume of 2,945,300 shares, compared to its average volume of 1,360,508. Fortive Corporation has a 1-year low of $52.99 and a 1-year high of $74.38. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The stock has a market cap of $25,111.14, a PE ratio of 26.18, a P/E/G ratio of 2.50 and a beta of 0.37.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 24th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, November 22nd. Fortive Corporation’s dividend payout ratio (DPR) is currently 10.57%.

Several equities research analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Fortive Corporation in a report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 target price for the company. SunTrust Banks, Inc. restated a “buy” rating and set a $81.00 target price on shares of Fortive Corporation in a report on Friday, October 27th. Citigroup Inc. increased their target price on Fortive Corporation from $72.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Stifel Nicolaus increased their target price on Fortive Corporation from $62.00 to $72.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $70.00 target price on shares of Fortive Corporation in a report on Wednesday, October 11th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Fortive Corporation presently has a consensus rating of “Buy” and an average price target of $70.27.

Fortive Corporation 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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