Catalyst Capital Advisors LLC bought a brand new stake in Fortive Co. (NYSE:FTV – Free Report) within the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the SEC. The fund bought 724 shares of the expertise firm’s inventory, valued at roughly $57,000.
Different hedge funds have additionally just lately modified their holdings of the corporate. Janus Henderson Group PLC raised its stake in Fortive by 47.1% within the first quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the expertise firm’s inventory value $537,119,000 after shopping for an extra 1,999,792 shares within the final quarter. Boston Companions elevated its holdings in shares of Fortive by 19.3% within the 1st quarter. Boston Companions now owns 6,463,772 shares of the expertise firm’s inventory valued at $554,253,000 after buying an extra 1,045,245 shares throughout the interval. The Producers Life Insurance coverage Firm raised its place in shares of Fortive by 78.0% within the 2nd quarter. The Producers Life Insurance coverage Firm now owns 853,187 shares of the expertise firm’s inventory value $63,221,000 after buying an extra 373,957 shares within the final quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Fortive by 1,053.5% throughout the 2nd quarter. D. E. Shaw & Co. Inc. now owns 382,707 shares of the expertise firm’s inventory value $28,359,000 after buying an extra 349,530 shares over the past quarter. Lastly, Panagora Asset Administration Inc. boosted its place in Fortive by 27.4% throughout the second quarter. Panagora Asset Administration Inc. now owns 1,269,103 shares of the expertise firm’s inventory valued at $94,041,000 after buying an extra 273,168 shares within the final quarter. Hedge funds and different institutional traders personal 94.94% of the corporate’s inventory.
Fortive Buying and selling Up 4.1 %
Shares of NYSE:FTV opened at $74.29 on Thursday. The enterprise has a 50-day transferring common worth of $75.20 and a 200-day transferring common worth of $74.27. The inventory has a market cap of $25.77 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.95 and a beta of 1.13. Fortive Co. has a 52-week low of $64.69 and a 52-week excessive of $87.10. The corporate has a fast ratio of 0.99, a present ratio of 1.25 and a debt-to-equity ratio of 0.33.
Fortive (NYSE:FTV – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, October thirtieth. The expertise firm reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. Fortive had a internet margin of 14.35% and a return on fairness of 12.56%. The enterprise had income of $1.53 billion throughout the quarter, in comparison with analysts’ expectations of $1.55 billion. Throughout the identical interval within the earlier yr, the enterprise posted $0.85 EPS. The enterprise’s quarterly income was up 2.7% in comparison with the identical quarter final yr. Equities analysts predict that Fortive Co. will put up 3.85 EPS for the present yr.
Fortive Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which will probably be paid on Friday, December twenty seventh. Traders of document on Friday, November twenty ninth will probably be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.43%. Fortive’s dividend payout ratio is at the moment 12.75%.
Insider Shopping for and Promoting at Fortive
In different information, SVP Jonathan L. Schwarz offered 14,223 shares of the agency’s inventory in a transaction that occurred on Friday, September thirteenth. The shares had been offered at a median worth of $73.80, for a complete transaction of $1,049,657.40. Following the sale, the senior vp now owns 68,161 shares of the corporate’s inventory, valued at $5,030,281.80. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which is offered by this hyperlink. In associated information, SVP Jonathan L. Schwarz offered 14,223 shares of the agency’s inventory in a transaction on Friday, September thirteenth. The shares had been offered at a median worth of $73.80, for a complete transaction of $1,049,657.40. Following the sale, the senior vp now owns 68,161 shares within the firm, valued at roughly $5,030,281.80. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the Securities & Change Fee, which may be accessed by this hyperlink. Additionally, SVP Stacey A. Walker offered 171,808 shares of Fortive inventory in a transaction on Friday, November 1st. The shares had been offered at a median worth of $71.71, for a complete transaction of $12,320,351.68. Following the completion of the transaction, the senior vp now immediately owns 42,651 shares of the corporate’s inventory, valued at $3,058,503.21. The commerce was a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. During the last ninety days, insiders offered 192,895 shares of firm inventory valued at $13,878,151. 1.01% of the inventory is owned by firm insiders.
Analyst Scores Adjustments
Quite a few brokerages have commented on FTV. Truist Monetary decreased their goal worth on shares of Fortive from $90.00 to $89.00 and set a “purchase” score for the corporate in a report on Friday, November 1st. Mizuho raised shares of Fortive from a “impartial” score to an “outperform” score and elevated their goal worth for the corporate from $80.00 to $90.00 in a analysis report on Friday, September sixth. JPMorgan Chase & Co. raised shares of Fortive from a “impartial” score to an “chubby” score and lifted their worth goal for the inventory from $90.00 to $92.00 in a report on Thursday, October tenth. Royal Financial institution of Canada decreased their worth goal on Fortive from $85.00 to $77.00 and set a “sector carry out” score on the inventory in a analysis report on Thursday, October thirty first. Lastly, Wells Fargo & Firm lowered their worth goal on Fortive from $82.00 to $77.00 and set an “equal weight” score for the corporate in a analysis report on Thursday, October thirty first. 4 funding analysts have rated the inventory with a maintain score and 9 have assigned a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, Fortive at the moment has a consensus score of “Reasonable Purchase” and a median goal worth of $88.20.
Get Our Newest Inventory Report on FTV
Fortive Firm Profile
Fortive Company designs, develops, manufactures, and providers skilled and engineered merchandise, software program, and providers in the US, China, and internationally. It operates in three segments: Clever Working Options, Precision Applied sciences, and Superior Healthcare Options. The Clever Working Options section supplies superior instrumentation, software program, and providers, together with electrical check and measurement, facility and asset lifecycle software program purposes, and linked employee security and compliance options for manufacturing, course of industries, healthcare, utilities and energy, communications and electronics, and different industries.
Additional Studying
Wish to see what different hedge funds are holding FTV? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Fortive Co. (NYSE:FTV – Free Report).
Obtain Information & Scores for Fortive Each day – Enter your e-mail tackle under to obtain a concise every day abstract of the newest information and analysts’ rankings for Fortive and associated firms with MarketBeat.com’s FREE every day e-mail publication.
