Anderson Hoagland & Co. Sells 1,074 Shares of Fortive Corp (NYSE:FTV)

Anderson Hoagland & Co. cut its holdings in Fortive Corp (NYSE:FTV) by 14.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,554 shares of the technology company’s stock after selling 1,074 shares during the period. Anderson Hoagland & Co.’s holdings in Fortive were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Amundi Pioneer Asset Management Inc. lifted its stake in Fortive by 8.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 841,471 shares of the technology company’s stock valued at $70,591,000 after purchasing an additional 65,489 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Fortive during the 1st quarter valued at $217,000. ZWJ Investment Counsel Inc. boosted its position in Fortive by 3.8% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 312,202 shares of the technology company’s stock valued at $26,191,000 after buying an additional 11,504 shares during the period. Rehmann Capital Advisory Group boosted its position in Fortive by 35.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 840 shares of the technology company’s stock valued at $70,000 after buying an additional 219 shares during the period. Finally, Diversified Trust Co boosted its position in Fortive by 6.6% during the 1st quarter. Diversified Trust Co now owns 6,079 shares of the technology company’s stock valued at $510,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

In other Fortive news, VP Emily A. Weaver sold 600 shares of Fortive 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 directly owns 9,796 shares of the company’s stock, valued at $837,851.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Emily A. Weaver sold 650 shares of Fortive stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $80.92, for a total transaction of $52,598.00. Following the completion of the sale, the vice president now directly owns 9,146 shares of the company’s stock, valued at $740,094.32. The disclosure for this sale can be found here. Insiders sold 33,155 shares of company stock worth $2,761,762 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Shares of FTV stock traded up $2.44 during mid-day trading on Tuesday, hitting $81.43. 1,820,900 shares of the stock traded hands, compared to its average volume of 1,485,656. Fortive Corp has a twelve month low of $62.89 and a twelve month high of $89.48. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20. The stock’s 50-day simple moving average is $79.86. The company has a current ratio of 2.20, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. Fortive had a return on equity of 19.44% and a net margin of 39.98%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts forecast that Fortive Corp will post 3.59 earnings per share for the current year.

FTV has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.96) price objective on shares of Tharisa in a report on Wednesday, May 15th. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Morgan Stanley restated an “overweight” rating and issued a GBX 2,280 ($29.79) price objective on shares of Anglo American in a report on Wednesday, May 8th. Finally, Cowen reiterated a “buy” rating on shares of Odonate Therapeutics in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Fortive currently has a consensus rating of “Hold” and a consensus target price of $85.87.

Fortive Company 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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