Dynasty Wealth Management LLC Invests $810,000 in Fortive Co. (NYSE:FTV)

Dynasty Wealth Management LLC purchased a new position in shares of Fortive Co. (NYSE:FTV) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,412 shares of the technology company’s stock, valued at approximately $810,000.

A number of other hedge funds have also recently made changes to their positions in FTV. Interval Partners LP purchased a new stake in shares of Fortive in the first quarter worth approximately $14,772,000. Janus Henderson Group PLC lifted its position in Fortive by 47.1% in the 1st quarter. Janus Henderson Group PLC now owns 6,244,117 shares of the technology company’s stock worth $537,119,000 after buying an additional 1,999,792 shares during the last quarter. Kodai Capital Management LP lifted its stake in shares of Fortive by 25.3% in the 1st quarter. Kodai Capital Management LP now owns 774,985 shares of the technology company’s stock valued at $66,664,000 after acquiring an additional 156,257 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Fortive during the 1st quarter valued at $2,082,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Fortive by 30.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 9,559 shares of the technology company’s stock valued at $822,000 after acquiring an additional 2,250 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. downgraded Fortive from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $90.00 in a research report on Wednesday, April 17th. TD Cowen upgraded Fortive from a “hold” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $90.00 in a research report on Monday, July 8th. Royal Bank of Canada cut their price target on shares of Fortive from $83.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, July 25th. Finally, Barclays decreased their price objective on shares of Fortive from $93.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.91.

Fortive Trading Up 0.7 %

FTV traded up $0.47 on Wednesday, reaching $71.67. 856,481 shares of the company’s stock were exchanged, compared to its average volume of 1,679,367. The company’s 50 day moving average is $73.80 and its 200-day moving average is $78.43. Fortive Co. has a twelve month low of $63.05 and a twelve month high of $87.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.95 and a current ratio of 1.23. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.08 and a beta of 1.12.

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

About Fortive

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.