Fortive Corporation $FTV Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Fortive Corporation (NYSE:FTV) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,412 shares of the technology company’s stock after purchasing an additional 6,823 shares during the period. Asset Management One Co. Ltd.’s holdings in Fortive were worth $7,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTV. Accent Capital Management LLC bought a new position in Fortive in the 1st quarter worth about $26,000. Geneos Wealth Management Inc. grew its position in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the last quarter. Capital Analysts LLC grew its position in Fortive by 41.0% in the 1st quarter. Capital Analysts LLC now owns 523 shares of the technology company’s stock worth $38,000 after purchasing an additional 152 shares during the last quarter. Banque Transatlantique SA grew its position in Fortive by 92.8% in the 1st quarter. Banque Transatlantique SA now owns 561 shares of the technology company’s stock worth $38,000 after purchasing an additional 270 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Fortive by 459.7% in the 1st quarter. Larson Financial Group LLC now owns 806 shares of the technology company’s stock worth $59,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on FTV shares. Weiss Ratings upgraded shares of Fortive from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday. Melius lowered shares of Fortive from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research note on Tuesday, July 22nd. Cowen lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, July 15th. TD Cowen lowered shares of Fortive from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $50.00 in a research note on Tuesday, July 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price target (down from $90.00) on shares of Fortive in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.14.

Fortive Stock Down 0.0%

FTV stock opened at $49.46 on Tuesday. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $83.32. The firm has a market cap of $16.73 billion, a PE ratio of 22.28, a P/E/G ratio of 3.14 and a beta of 1.15. The firm has a 50 day simple moving average of $48.67 and a 200 day simple moving average of $57.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.98 and a quick ratio of 0.82.

Fortive (NYSE:FTV) last released its earnings results on Monday, June 9th. The technology company reported $0.80 EPS for the quarter. Fortive had a net margin of 13.62% and a return on equity of 11.96%. The business had revenue of $1.07 billion during the quarter. Equities research analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.24 annualized dividend and a yield of 0.5%. Fortive’s dividend payout ratio is currently 10.81%.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.