Livforsakringsbolaget Skandia Omsesidigt Grows Position in Fortive Corp (NYSE:FTV)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in Fortive Corp (NYSE:FTV) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,543 shares of the technology company’s stock after purchasing an additional 800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Fortive were worth $289,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC boosted its position in Fortive by 2.9% in the 1st quarter. Zeke Capital Advisors LLC now owns 4,378 shares of the technology company’s stock worth $367,000 after purchasing an additional 125 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Fortive by 0.7% during the 1st quarter. Emerald Advisers LLC now owns 21,120 shares of the technology company’s stock worth $1,772,000 after buying an additional 144 shares during the period. Mcmillion Capital Management Inc. raised its stake in shares of Fortive by 3.1% during the 1st quarter. Mcmillion Capital Management Inc. now owns 4,865 shares of the technology company’s stock worth $408,000 after buying an additional 148 shares during the period. Norway Savings Bank raised its stake in shares of Fortive by 2.3% during the 1st quarter. Norway Savings Bank now owns 7,187 shares of the technology company’s stock worth $603,000 after buying an additional 165 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Fortive by 3.2% during the 1st quarter. Trust Co. of Vermont now owns 5,275 shares of the technology company’s stock worth $443,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 83.58% of the company’s stock.

NYSE:FTV traded down $0.70 during trading hours on Wednesday, hitting $76.10. The company had a trading volume of 16,740 shares, compared to its average volume of 1,475,081. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $79.87. The firm has a market capitalization of $26.29 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.70 and a beta of 1.20. Fortive Corp has a 1 year low of $62.89 and a 1 year high of $89.48.

Fortive (NYSE:FTV) last issued its earnings results on Thursday, July 25th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Fortive had a return on equity of 18.43% and a net margin of 38.22%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, equities analysts expect that Fortive Corp will post 3.54 earnings per share for the current year.

Several research analysts recently commented on the company. Barclays increased their price objective on Stanley Black & Decker from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Morgan Stanley reissued an “overweight” rating and issued a GBX 2,280 ($29.79) price objective on shares of Anglo American in a research note on Wednesday, May 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.96) price objective on shares of Tharisa in a research note on Wednesday, May 15th. Argus reissued a “buy” rating and issued a $215.00 price objective on shares of AvalonBay Communities in a research note on Tuesday, April 30th. Finally, BMO Capital Markets set a $32.00 price objective on Axalta Coating Systems and gave the company a “hold” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $85.87.

In other Fortive news, SVP Barbara B. Hulit sold 11,386 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $86.16, for a total value of $981,017.76. Following the completion of the sale, the senior vice president now directly owns 48,891 shares in the company, valued at approximately $4,212,448.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Emily A. Weaver sold 600 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $85.53, for a total value of $51,318.00. Following the completion of the sale, the vice president now owns 9,796 shares of the company’s stock, valued at $837,851.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,155 shares of company stock valued at $2,761,762. 12.70% of the stock is owned by company insiders.

Fortive Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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