Mutual of America Capital Management LLC Buys 549 Shares of Fortive Co. (NYSE:FTV)

Mutual of America Capital Management LLC boosted its stake in Fortive Co. (NYSE:FTVGet Rating) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,011 shares of the technology company’s stock after acquiring an additional 549 shares during the period. Mutual of America Capital Management LLC’s holdings in Fortive were worth $2,925,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FTV. National Bank of Canada FI bought a new stake in Fortive in the fourth quarter valued at approximately $109,000. Regentatlantic Capital LLC boosted its holdings in Fortive by 6.1% in the fourth quarter. Regentatlantic Capital LLC now owns 3,264 shares of the technology company’s stock valued at $249,000 after acquiring an additional 187 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Fortive by 16.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,473 shares of the technology company’s stock worth $646,000 after buying an additional 1,168 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of Fortive by 0.3% during the 4th quarter. State of Michigan Retirement System now owns 90,263 shares of the technology company’s stock worth $6,886,000 after buying an additional 300 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Fortive by 0.8% during the 4th quarter. Bessemer Group Inc. now owns 28,550 shares of the technology company’s stock worth $2,178,000 after buying an additional 231 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

Fortive Trading Up 2.2 %

NYSE FTV opened at $59.50 on Thursday. The firm has a market capitalization of $21.33 billion, a P/E ratio of 33.06, a PEG ratio of 2.04 and a beta of 1.11. The business has a fifty day simple moving average of $57.46 and a 200 day simple moving average of $60.98. Fortive Co. has a 12 month low of $52.47 and a 12 month high of $79.87. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 0.29.

Fortive (NYSE:FTVGet Rating) last announced its earnings results on Thursday, April 28th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Fortive had a return on equity of 10.87% and a net margin of 12.32%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $0.63 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Fortive Co. will post 3.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on FTV. StockNews.com began coverage on Fortive in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut their price target on Fortive from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 31st. Cowen cut their price target on Fortive from $80.00 to $70.00 in a report on Thursday, June 2nd. Credit Suisse Group set a $74.00 target price on Fortive in a research report on Tuesday, July 19th. Finally, Loop Capital lowered their target price on Fortive from $84.00 to $78.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.93.

Insider Activity

In other Fortive news, Director Alan G. Spoon bought 17,400 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was purchased at an average cost of $58.25 per share, with a total value of $1,013,550.00. Following the transaction, the director now directly owns 98,861 shares in the company, valued at approximately $5,758,653.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

Fortive Company Profile

(Get Rating)

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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