PNC Monetary Providers Group Inc. lessened its stake in Fortive Co. (NYSE:FTV – Free Report) by 0.9% within the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 156,705 shares of the know-how firm’s inventory after promoting 1,382 shares in the course of the interval. PNC Monetary Providers Group Inc.’s holdings in Fortive had been price $12,369,000 on the finish of the latest reporting interval.
Plenty of different institutional traders have additionally just lately made modifications to their positions in FTV. Capital Efficiency Advisors LLP purchased a brand new place in shares of Fortive in the course of the third quarter valued at about $25,000. Advisors Asset Administration Inc. purchased a brand new place in Fortive in the course of the first quarter valued at roughly $32,000. Ridgewood Investments LLC bought a brand new place in shares of Fortive in the course of the second quarter price roughly $30,000. Worldwide Property Funding Administration LLC purchased a brand new stake in shares of Fortive within the 2nd quarter price roughly $30,000. Lastly, Goodman Advisory Group LLC purchased a brand new stake in shares of Fortive within the 2nd quarter price roughly $31,000. Institutional traders personal 94.94% of the corporate’s inventory.
Fortive Inventory Up 1.9 %
Shares of Fortive inventory opened at $78.42 on Friday. The corporate’s fifty day easy transferring common is $75.85 and its two-hundred day easy transferring common is $74.18. Fortive Co. has a 12-month low of $66.15 and a 12-month excessive of $87.10. The corporate has a present ratio of 1.25, a fast ratio of 0.99 and a debt-to-equity ratio of 0.33. The corporate has a market cap of $27.21 billion, a P/E ratio of 31.24, a PEG ratio of two.05 and a beta of 1.13.
Fortive (NYSE:FTV – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, October thirtieth. The know-how firm reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The corporate had income of $1.53 billion in the course of the quarter, in comparison with the consensus estimate of $1.55 billion. Fortive had a internet margin of 14.35% and a return on fairness of 12.56%. Fortive’s income was up 2.7% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $0.85 earnings per share. Analysis analysts anticipate that Fortive Co. will put up 3.85 EPS for the present yr.
Fortive Pronounces Dividend
The corporate additionally just lately declared a quarterly dividend, which shall be paid on Friday, December twenty seventh. Traders of report on Friday, November twenty ninth shall be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November twenty ninth. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. Fortive’s dividend payout ratio is presently 12.75%.
Analysts Set New Worth Targets
Plenty of brokerages just lately commented on FTV. JPMorgan Chase & Co. upgraded shares of Fortive from a “impartial” score to an “chubby” score and lifted their goal value for the inventory from $90.00 to $92.00 in a analysis report on Thursday, October tenth. Raymond James upgraded Fortive from a “market carry out” score to an “outperform” score and set a $85.00 value goal on the inventory in a report on Thursday, September fifth. UBS Group began protection on Fortive in a report on Wednesday, November thirteenth. They set a “impartial” score and a $84.00 goal value for the corporate. Mizuho upgraded Fortive from a “impartial” score to an “outperform” score and boosted their value goal for the corporate from $80.00 to $90.00 in a analysis report on Friday, September sixth. Lastly, Morgan Stanley began protection on Fortive in a analysis be aware on Friday, September sixth. They set an “chubby” score and a $89.00 value goal for the corporate. Six equities analysis analysts have rated the inventory with a maintain score and 9 have issued a purchase score to the inventory. Based mostly on knowledge from MarketBeat, the inventory has a median score of “Reasonable Purchase” and a median value goal of $87.82.
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Insider Shopping for and Promoting
In associated information, CFO Charles E. Mclaughlin bought 6,864 shares of the enterprise’s inventory in a transaction dated Friday, September thirteenth. The shares had been bought at a median value of $74.03, for a complete transaction of $508,141.92. Following the sale, the chief monetary officer now owns 73,391 shares of the corporate’s inventory, valued at $5,433,135.73. The commerce was a 8.55 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Additionally, SVP Stacey A. Walker bought 171,808 shares of the agency’s inventory in a transaction that occurred on Friday, November 1st. The shares had been bought at a median value of $71.71, for a complete transaction of $12,320,351.68. Following the transaction, the senior vp now immediately owns 42,651 shares of the corporate’s inventory, valued at $3,058,503.21. This represents a 80.11 % lower of their place. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 197,895 shares of firm inventory valued at $14,261,051 over the past ninety days. Firm insiders personal 1.01% of the corporate’s inventory.
Fortive Profile
Fortive Company designs, develops, manufactures, and companies skilled and engineered merchandise, software program, and companies in the USA, China, and internationally. It operates in three segments: Clever Working Options, Precision Applied sciences, and Superior Healthcare Options. The Clever Working Options section offers superior instrumentation, software program, and companies, together with electrical take a look at 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.
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