Bokf Na Has $4.54 Million Stake in Fortive Co. (NYSE:FTV)

Bokf Na raised its position in shares of Fortive Co. (NYSE:FTV) by 44.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,609 shares of the technology company’s stock after acquiring an additional 16,378 shares during the period. Bokf Na’s holdings in Fortive were worth $4,536,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Fortive during the first quarter worth approximately $26,000. Advisors Asset Management Inc. bought a new position in Fortive in the 1st quarter worth approximately $32,000. Cetera Trust Company N.A bought a new position in Fortive in the 4th quarter worth approximately $28,000. Spire Wealth Management raised its position in Fortive by 69.3% in the 4th quarter. Spire Wealth Management now owns 508 shares of the technology company’s stock worth $37,000 after purchasing an additional 208 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Fortive by 1,162.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 543 shares of the technology company’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

FTV has been the subject of several research analyst reports. Barclays dropped their price objective on shares of Fortive from $93.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial dropped their price objective on shares of Fortive from $89.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut shares of Fortive from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $90.00 in a research report on Wednesday, April 17th. Citigroup dropped their price objective 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. Finally, StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Fortive has a consensus rating of “Moderate Buy” and an average target price of $84.91.

Fortive Trading Up 1.4 %

Shares of FTV stock traded up $1.01 on Monday, hitting $72.00. The stock had a trading volume of 99,162 shares, compared to its average volume of 1,673,249. Fortive Co. has a twelve month low of $63.05 and a twelve month high of $87.10. The firm has a market cap of $25.22 billion, a P/E ratio of 28.06, a PEG ratio of 2.07 and a beta of 1.12. 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 fifty day moving average price of $74.03 and a two-hundred day moving average price of $78.44.

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

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.