Eubel Brady & Suttman Asset Management Inc. Increases Stake in Fortive Co. (NYSE:FTV)

Eubel Brady & Suttman Asset Management Inc. grew its stake in shares of Fortive Co. (NYSE:FTV) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 277,771 shares of the technology company’s stock after purchasing an additional 921 shares during the quarter. Fortive accounts for 2.7% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 12th largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Fortive were worth $20,833,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FTV. Capital Performance Advisors LLP bought a new stake in Fortive in the 3rd quarter valued at $25,000. Versant Capital Management Inc grew its position in shares of Fortive by 186.8% during the fourth quarter. Versant Capital Management Inc now owns 456 shares of the technology company’s stock valued at $34,000 after purchasing an additional 297 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Fortive in the fourth quarter worth about $37,000. Albion Financial Group UT purchased a new stake in shares of Fortive in the fourth quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC bought a new position in Fortive during the third quarter valued at approximately $57,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FTV. StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their price target on shares of Fortive from $77.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their price objective on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $86.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.64.

Fortive Stock Down 2.2 %

Shares of NYSE:FTV opened at $80.03 on Friday. The firm has a market capitalization of $27.77 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 1.15. The business has a 50 day simple moving average of $78.20 and a two-hundred day simple moving average of $76.07. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 13.15% and a net margin of 13.36%. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities analysts predict that Fortive Co. will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio is presently 13.56%.

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.