Cambridge Investment Research Advisors Inc. reduced its holdings in shares of Fortive (NYSE:FTV) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,122 shares of the technology company’s stock after selling 679 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Fortive were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ashfield Capital Partners LLC boosted its position in shares of Fortive by 3.8% during the 4th quarter. Ashfield Capital Partners LLC now owns 18,760 shares of the technology company’s stock valued at $1,357,000 after acquiring an additional 685 shares in the last quarter. Lombard Odier Asset Management Switzerland SA boosted its position in shares of Fortive by 2.2% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 36,741 shares of the technology company’s stock valued at $2,658,000 after acquiring an additional 774 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Fortive by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 113,914 shares of the technology company’s stock valued at $8,242,000 after acquiring an additional 797 shares in the last quarter. Boston Family Office LLC boosted its position in shares of Fortive by 4.7% during the 4th quarter. Boston Family Office LLC now owns 18,522 shares of the technology company’s stock valued at $1,340,000 after acquiring an additional 830 shares in the last quarter. Finally, Notis McConarty Edward boosted its position in shares of Fortive by 6.4% during the 4th quarter. Notis McConarty Edward now owns 13,792 shares of the technology company’s stock valued at $998,000 after acquiring an additional 833 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

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Several brokerages have recently weighed in on FTV. Zacks Investment Research upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, January 11th. Citigroup boosted their price target on shares of Fortive from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. JPMorgan Chase boosted their price target on shares of Fortive from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. BMO Capital Markets restated a “buy” rating and issued a $88.00 price target on shares of Fortive in a research report on Friday, January 26th. Finally, ValuEngine upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fortive currently has a consensus rating of “Hold” and a consensus target price of $77.50.

NYSE:FTV opened at $75.26 on Tuesday. The stock has a market capitalization of $25,997.96, a price-to-earnings ratio of 26.04, a PEG ratio of 2.26 and a beta of 0.41. Fortive has a 12 month low of $59.88 and a 12 month high of $80.31. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07.

Fortive (NYSE:FTV) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Fortive had a net margin of 15.69% and a return on equity of 30.54%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. research analysts predict that Fortive will post 3.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 25th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. Fortive’s payout ratio is 9.69%.

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About Fortive

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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