Multiple hedge funds and institutional investors have traded shares of Fortive (FTV). Lipe & Dalton increased their holdings by 1.9%, owning 7,096 shares valued at $610,000 after adding 130 shares. RDA Financial Network raised their stake by 3.4%, now holding 4,191 shares worth $311,000 after acquiring 138 shares. Pitcairn Co. grew their position by 1.3% with 11,170 shares valued at $961,000, adding 139 shares. QRG Capital Management increased their shares by 0.8% to 18,507, valued at $1.37 million, after buying 146 shares. Andina Capital Management raised their position by 3.4% with 4,433 shares now worth $328,000 after acquiring 147 shares. Overall, 94.94% of FTV’s stock is held by institutional investors.
Insider Trading
CFO Charles E. Mclaughlin sold 6,864 shares on September 13 at $74.03 each, totaling $508,141.92. He now owns 73,391 shares valued at $5.43 million. Senior VP Jonathan L. Schwarz also sold 14,223 shares on the same date at $73.80, totaling $1,049,657.40, and now holds 68,161 shares valued at $5.03 million. Insiders own 1.01% of the company.
Stock Performance
FTV opened at $77.47 on Monday. It has a 50-day moving average of $74.50 and a 200-day average of $74.99. The stock’s 52-week low is $63.05, and its high is $87.10. Market cap is $27.27 billion, with a P/E ratio of 30.62 and a P/E growth ratio of 2.24. Fortive’s quarterly earnings report on July 24 showed $0.93 EPS, above the expected $0.92, with revenue of $1.55 billion.
Dividend Announcement
Fortive announced a quarterly dividend of $0.08, paid on September 27 to shareholders recorded on September 17, representing an annual yield of 0.41%.
Analyst Ratings
Brokerages have raised their price targets for FTV. Barclays upped their target to $98, while Raymond James set it at $85. StockNews.com upgraded FTV to “buy” and TD Cowen raised their target from $75 to $90. Overall, Fortive has a “Moderate Buy” average rating with a target price of $87.36.
About Fortive
Fortive Corporation designs and manufactures advanced products and services across various industries, including healthcare and manufacturing.
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Want to know more about what hedge funds hold FTV? Visit HoldingsChannel.com for the latest on Fortive.
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