Fortive Corporation $FTV Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL has reduced its holdings in Fortive Corporation by 6.0%, owning 269,662 shares valued at approximately $14 million after selling 17,233 shares in Q2.
• Several research firms have downgraded Fortive's stock ratings and revised their price targets, with TD Cowen reducing its target from $85 to $50.
• Fortive recently announced a quarterly dividend of $0.06 per share, translating to an annualized dividend of $0.24 and a yield of 0.5%.

Blair William & Co. IL lessened its holdings in shares of Fortive Corporation (NYSE:FTV - Free Report) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 269,662 shares of the technology company's stock after selling 17,233 shares during the period. Blair William & Co. IL owned 0.08% of Fortive worth $14,057,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Fortive during the first quarter valued at approximately $26,000. Global X Japan Co. Ltd. grew its stake in Fortive by 114.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 377 shares of the technology company's stock worth $28,000 after buying an additional 201 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock worth $37,000 after buying an additional 357 shares during the period. Capital Analysts LLC lifted its stake in Fortive by 41.0% in the first quarter. Capital Analysts LLC now owns 523 shares of the technology company's stock valued at $38,000 after buying an additional 152 shares during the last quarter. Finally, Banque Transatlantique SA boosted its holdings in shares of Fortive by 92.8% during the first quarter. Banque Transatlantique SA now owns 561 shares of the technology company's stock valued at $38,000 after acquiring an additional 270 shares during the period. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FTV. TD Cowen cut shares of Fortive from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $85.00 to $50.00 in a report on Tuesday, July 15th. Weiss Ratings lowered shares of Fortive from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Fortive from $87.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Wells Fargo & Company lowered their target price on Fortive from $72.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 1st. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $50.00 target price (down previously from $90.00) on shares of Fortive in a research note on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $62.79.

Fortive Stock Performance

Shares of NYSE FTV opened at $47.87 on Friday. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $83.32. The firm has a market cap of $16.20 billion, a P/E ratio of 21.56, a PEG ratio of 3.13 and a beta of 1.15. The stock has a fifty day moving average price of $48.35 and a two-hundred day moving average price of $59.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.98.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The technology company reported $0.80 earnings per share for the quarter. The business had revenue of $1.07 billion during the quarter. Fortive had a return on equity of 11.96% and a net margin of 13.62%. Research analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.24 annualized dividend and a yield of 0.5%. Fortive's dividend payout ratio is currently 10.81%.

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.

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