O Brien Greene & Co. Inc Buys 7,338 Shares of Fortive Co. (NYSE:FTV)

O Brien Greene & Co. Inc lifted its stake in shares of Fortive Co. (NYSE:FTV) by 16.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,927 shares of the technology company’s stock after purchasing an additional 7,338 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Fortive were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Parsons Capital Management Inc. RI lifted its holdings in shares of Fortive by 0.4% in the first quarter. Parsons Capital Management Inc. RI now owns 41,238 shares of the technology company’s stock worth $2,913,000 after buying an additional 145 shares in the last quarter. Huntington National Bank increased its position in shares of Fortive by 3.1% in the first quarter. Huntington National Bank now owns 5,132 shares of the technology company’s stock worth $363,000 after purchasing an additional 156 shares during the last quarter. MidWestOne Financial Group Inc. increased its position in shares of Fortive by 5.1% in the fourth quarter. MidWestOne Financial Group Inc. now owns 3,392 shares of the technology company’s stock worth $240,000 after purchasing an additional 165 shares during the last quarter. Baldwin Investment Management LLC increased its position in shares of Fortive by 0.8% in the fourth quarter. Baldwin Investment Management LLC now owns 20,419 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 168 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Fortive by 5.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 3,028 shares of the technology company’s stock worth $214,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.

In other Fortive news, Director Steven M. Rales sold 60,107 shares of the business’s stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $69.79, for a total transaction of $4,194,867.53. Following the completion of the sale, the director now directly owns 3,250,072 shares in the company, valued at approximately $226,822,524.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven M. Rales sold 1,368,180 shares of the business’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $72.45, for a total value of $99,124,641.00. Following the sale, the director now owns 3,250,072 shares of the company’s stock, valued at $235,467,716.40. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by company insiders.

Shares of NYSE:FTV traded up $0.13 on Friday, hitting $70.60. 21,175 shares of the company traded hands, compared to its average volume of 2,293,197. Fortive Co. has a 52 week low of $60.82 and a 52 week high of $82.12. The company has a current ratio of 1.13, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $71.95. The company has a market capitalization of $23.90 billion, a P/E ratio of 15.39, a PEG ratio of 4.81 and a beta of 1.13.

Fortive (NYSE:FTV) last released its quarterly earnings data on Thursday, April 29th. The technology company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. Fortive had a return on equity of 12.85% and a net margin of 27.76%. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities analysts anticipate that Fortive Co. will post 2.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, May 28th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $0.28 annualized dividend and a yield of 0.40%. Fortive’s payout ratio is 13.40%.

Several research analysts recently weighed in on FTV shares. Barclays upped their price objective on shares of Fortive from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 6th. JPMorgan Chase & Co. upgraded shares of Fortive from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $80.00 in a research report on Thursday, May 20th. Credit Suisse Group reduced their price target on shares of Fortive from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 20th. Royal Bank of Canada reduced their price target on shares of Fortive from $79.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 20th. Finally, Zacks Investment Research cut shares of Fortive from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research report on Wednesday, April 21st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.77.

Fortive Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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