Csenge Advisory Group Buys 190 Shares of Fortive Co. (NYSE:FTV)

Csenge Advisory Group boosted its stake in Fortive Co. (NYSE:FTV) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,801 shares of the technology company’s stock after acquiring an additional 190 shares during the period. Csenge Advisory Group’s holdings in Fortive were worth $585,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FTV. Quadrant Capital Group LLC boosted its holdings in shares of Fortive by 4.8% during 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. Edgemoor Investment Advisors Inc. raised its position in shares of Fortive by 4.8% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 3,249 shares of the technology company’s stock worth $239,000 after purchasing an additional 150 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Fortive by 3.4% in the 1st quarter. Fulton Bank N.A. now owns 4,580 shares of the technology company’s stock worth $394,000 after purchasing an additional 151 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Fortive by 17.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,120 shares of the technology company’s stock worth $80,000 after purchasing an additional 167 shares during the last quarter. Finally, Redmond Asset Management LLC raised its position in shares of Fortive by 1.4% in the 4th quarter. Redmond Asset Management LLC now owns 13,386 shares of the technology company’s stock worth $986,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FTV. Wells Fargo & Company decreased their target price on Fortive from $84.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup reduced their price target on shares of Fortive from $101.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Barclays reduced their price target on shares of Fortive from $97.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada cut their price objective on Fortive from $93.00 to $83.00 and set a “sector perform” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.08.

Fortive Trading Up 2.0 %

FTV stock traded up $1.50 during midday trading on Thursday, reaching $75.16. The company’s stock had a trading volume of 486,617 shares, compared to its average volume of 1,633,455. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.50. The stock has a fifty day simple moving average of $74.49 and a two-hundred day simple moving average of $78.18. Fortive Co. has a 1 year low of $63.05 and a 1 year high of $87.10. The firm has a market capitalization of $26.46 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.16 and a beta of 1.12.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Fortive had a return on equity of 12.22% and a net margin of 14.68%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, equities research analysts predict that Fortive Co. will post 3.8 EPS for the current year.

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.