Bokf Na Raises Holdings in Fortive Co. (NYSE:FTV)

Bokf Na increased its position in shares of Fortive Co. (NYSE:FTV) by 44.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,609 shares of the technology company’s stock after purchasing an additional 16,378 shares during the quarter. Bokf Na’s holdings in Fortive were worth $4,536,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in Fortive by 4.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,724 shares of the technology company’s stock valued at $201,000 after buying an additional 126 shares in the last quarter. Lipe & Dalton grew its holdings in Fortive by 1.9% in the 1st quarter. Lipe & Dalton now owns 7,096 shares of the technology company’s stock valued at $610,000 after buying an additional 130 shares in the last quarter. Pitcairn Co. grew its holdings in Fortive by 1.3% in the 1st quarter. Pitcairn Co. now owns 11,170 shares of the technology company’s stock valued at $961,000 after buying an additional 139 shares in the last quarter. Edgemoor Investment Advisors Inc. grew its holdings in Fortive by 4.8% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 3,249 shares of the technology company’s stock valued at $239,000 after buying an additional 150 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in Fortive by 3.4% in the 1st quarter. Fulton Bank N.A. now owns 4,580 shares of the technology company’s stock valued at $394,000 after buying an additional 151 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Trading Up 1.4 %

FTV traded up $1.01 during mid-day trading on Monday, hitting $72.00. 99,162 shares of the stock were exchanged, compared to its average volume of 1,673,249. The firm’s fifty day moving average is $74.03 and its two-hundred day moving average is $78.44. Fortive Co. has a 1-year low of $63.05 and a 1-year high of $87.10. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32. The company has a market cap of $25.22 billion, a PE ratio of 28.06, a PEG ratio of 2.07 and a beta of 1.12.

Fortive (NYSE:FTV) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. Fortive had a return on equity of 12.32% and a net margin of 14.39%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Fortive’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Fortive Co. will post 3.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FTV. Citigroup dropped their target price on Fortive from $101.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Barclays dropped their target price on Fortive from $93.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com lowered Fortive from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered Fortive from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $95.00 to $90.00 in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company decreased their price target on Fortive from $84.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.91.

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.