Choreo LLC Has $761,000 Stake in Fortive Co. (NYSE:FTV)

Choreo LLC raised its stake in Fortive Co. (NYSE:FTV) by 57.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,148 shares of the technology company’s stock after purchasing an additional 3,692 shares during the quarter. Choreo LLC’s holdings in Fortive were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Fortive by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,683 shares of the technology company’s stock valued at $133,000 after acquiring an additional 663 shares in the last quarter. Mather Group LLC. lifted its position in shares of Fortive by 50.3% during the third quarter. Mather Group LLC. now owns 926 shares of the technology company’s stock valued at $73,000 after purchasing an additional 310 shares in the last quarter. CWM LLC boosted its holdings in Fortive by 5.3% during the third quarter. CWM LLC now owns 10,031 shares of the technology company’s stock worth $792,000 after purchasing an additional 508 shares during the last quarter. Wedmont Private Capital grew its position in Fortive by 5.5% in the 3rd quarter. Wedmont Private Capital now owns 3,209 shares of the technology company’s stock worth $245,000 after purchasing an additional 168 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Fortive by 276.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,043 shares of the technology company’s stock valued at $161,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Down 0.9 %

Fortive stock opened at $79.12 on Monday. The firm has a market capitalization of $27.45 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 2.14 and a beta of 1.15. The firm has a 50 day simple moving average of $77.65 and a 200 day simple moving average of $75.36. Fortive Co. has a 1-year low of $66.15 and a 1-year high of $87.10. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the previous year, the business posted $0.98 EPS. On average, analysts predict that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a yield of 0.40%. Fortive’s dividend payout ratio is currently 12.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FTV shares. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup lowered shares of Fortive from a “buy” rating to a “neutral” rating and reduced their price target for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Barclays lowered their price objective on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group assumed coverage on shares of Fortive in a research report on Wednesday, November 13th. They set a “neutral” rating and a $84.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.45.

Fortive Company 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.