V Square Quantitative Management LLC Has $683,000 Stock Position in Fortive Co. (NYSE:FTV)

V Square Quantitative Management LLC increased its position in Fortive Co. (NYSE:FTV) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,211 shares of the technology company’s stock after buying an additional 724 shares during the period. V Square Quantitative Management LLC’s holdings in Fortive were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in shares of Fortive during the first quarter valued at about $26,000. Cetera Trust Company N.A acquired a new position in Fortive during the 4th quarter valued at about $28,000. Advisors Asset Management Inc. bought a new stake in Fortive during the 1st quarter worth approximately $32,000. Spire Wealth Management raised its stake in shares of Fortive by 69.3% in the fourth 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 stake in shares of Fortive by 1,162.8% in the fourth 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. 94.94% of the stock is owned by institutional investors.

Fortive Stock Performance

Shares of FTV traded down $0.51 during mid-day trading on Wednesday, hitting $68.83. The stock had a trading volume of 1,252,349 shares, compared to its average volume of 1,721,954. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.95. The firm has a market cap of $24.23 billion, a P/E ratio of 27.15, a PEG ratio of 2.06 and a beta of 1.12. Fortive Co. has a 52 week low of $63.05 and a 52 week high of $87.10. The business has a fifty day moving average price of $72.66 and a 200-day moving average price of $78.15.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Fortive had a net margin of 14.39% and a return on equity of 12.32%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts expect that Fortive Co. will post 3.82 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Wells Fargo & Company lowered their target price on shares of Fortive from $84.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lowered shares of Fortive from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $90.00 in a research report on Wednesday, April 17th. Truist Financial reduced 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, July 25th. Finally, Citigroup dropped their target price on shares of Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Six 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.com, Fortive presently has an average rating of “Moderate Buy” and a consensus price target of $84.91.

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.