Fortive Co. (NYSE:FTV) Holdings Raised by Flossbach Von Storch SE

Flossbach Von Storch SE grew its stake in Fortive Co. (NYSE:FTV) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,903,240 shares of the technology company’s stock after buying an additional 137,479 shares during the quarter. Fortive accounts for approximately 3.6% of Flossbach Von Storch SE’s portfolio, making the stock its 9th biggest position. Flossbach Von Storch SE owned approximately 3.43% of Fortive worth $892,743,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FTV. Global Retirement Partners LLC boosted its holdings in Fortive by 36.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,778 shares of the technology company’s stock valued at $208,000 after purchasing an additional 742 shares in the last quarter. Schubert & Co purchased a new stake in shares of Fortive during the 4th quarter worth approximately $1,362,000. CIBC Asset Management Inc boosted its holdings in shares of Fortive by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 53,551 shares of the technology company’s stock valued at $4,016,000 after buying an additional 2,433 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Fortive by 4,321.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 6,323 shares of the technology company’s stock valued at $474,000 after buying an additional 6,180 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in Fortive by 13.4% during the 4th quarter. Manchester Capital Management LLC now owns 1,400 shares of the technology company’s stock worth $105,000 after acquiring an additional 165 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Fortive Price Performance

Shares of FTV opened at $83.05 on Thursday. The firm has a market capitalization of $28.82 billion, a PE ratio of 35.19, a P/E/G ratio of 2.63 and a beta of 1.15. The stock’s 50 day moving average is $78.03 and its two-hundred day moving average is $75.95. Fortive Co. has a twelve month low of $66.15 and a twelve month high of $87.10. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same period in the prior year, the firm earned $0.98 EPS. Research analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio is currently 13.56%.

Wall Street Analysts Forecast Growth

FTV has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. StockNews.com cut Fortive from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Argus reaffirmed a “hold” rating on shares of Fortive in a research report on Monday, November 18th. JPMorgan Chase & Co. decreased their price objective on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, Citigroup cut shares of Fortive from a “buy” rating to a “neutral” rating and cut their target price for the company from $92.00 to $86.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.64.

Fortive 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.