Condor Capital Management raised its holdings in shares of Fortive Corp (NYSE:FTV) by 60.8% in the third quarter, HoldingsChannel reports. The firm owned 17,283 shares of the technology company’s stock after buying an additional 6,534 shares during the period. Condor Capital Management’s holdings in Fortive were worth $1,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in Fortive by 20.0% during the 2nd quarter. FMR LLC now owns 23,755,263 shares of the technology company’s stock valued at $1,831,768,000 after purchasing an additional 3,960,523 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Fortive by 23.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,150,214 shares of the technology company’s stock valued at $397,134,000 after purchasing an additional 984,564 shares in the last quarter. Northern Trust Corp grew its stake in Fortive by 1.1% during the 2nd quarter. Northern Trust Corp now owns 4,355,498 shares of the technology company’s stock valued at $335,852,000 after purchasing an additional 47,476 shares in the last quarter. Bessemer Group Inc. grew its stake in Fortive by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 3,909,686 shares of the technology company’s stock valued at $301,477,000 after purchasing an additional 13,072 shares in the last quarter. Finally, Winslow Capital Management LLC grew its stake in Fortive by 15.2% during the 2nd quarter. Winslow Capital Management LLC now owns 2,970,792 shares of the technology company’s stock valued at $229,078,000 after purchasing an additional 391,138 shares in the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

FTV has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Fortive from $86.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Argus raised their price objective on Fortive from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, October 1st. Gordon Haskett initiated coverage on Fortive in a research note on Friday, October 12th. They set a “buy” rating for the company. Finally, SunTrust Banks lowered their price objective on Fortive from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $87.18.

In other Fortive news, insider William W. Pringle sold 6,316 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $81.08, for a total transaction of $512,101.28. Following the transaction, the insider now owns 21,066 shares of the company’s stock, valued at approximately $1,708,031.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Raj Ratnakar sold 30,912 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $80.71, for a total value of $2,494,907.52. Following the transaction, the vice president now directly owns 13,244 shares in the company, valued at approximately $1,068,923.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,088 shares of company stock worth $4,367,194. 12.10% of the stock is currently owned by company insiders.

NYSE:FTV opened at $74.86 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.79 and a current ratio of 0.98. Fortive Corp has a 52 week low of $69.03 and a 52 week high of $88.34. The company has a market cap of $25.00 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.00 and a beta of 0.98.

Fortive (NYSE:FTV) last released its earnings results on Thursday, October 25th. The technology company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Fortive had a return on equity of 24.91% and a net margin of 15.72%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, research analysts forecast that Fortive Corp will post 3 earnings per share for the current fiscal year.

Fortive Profile

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.

Further Reading: Bear Market – How and Why They Occur

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corp (NYSE:FTV).

Institutional Ownership by Quarter for Fortive (NYSE:FTV)

Receive News & Ratings for Fortive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive and related companies with MarketBeat.com's FREE daily email newsletter.