Oakwood Capital Management LLC CA Has $5.72 Million Stake in Fortive Corp (NYSE:FTV)

Oakwood Capital Management LLC CA decreased its stake in Fortive Corp (NYSE:FTV) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 74,880 shares of the technology company’s stock after selling 3,645 shares during the period. Fortive accounts for approximately 2.4% of Oakwood Capital Management LLC CA’s holdings, making the stock its 18th largest position. Oakwood Capital Management LLC CA’s holdings in Fortive were worth $5,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Focused Wealth Management Inc increased its stake in shares of Fortive by 1,266.7% during the fourth quarter. Focused Wealth Management Inc now owns 2,050 shares of the technology company’s stock worth $157,000 after purchasing an additional 1,900 shares during the period. River & Mercantile Asset Management LLP bought a new position in shares of Fortive during the second quarter worth approximately $204,000. Bartlett & Co. LLC bought a new position in shares of Fortive during the third quarter worth approximately $177,000. Mission Wealth Management LP bought a new position in shares of Fortive during the fourth quarter worth approximately $204,000. Finally, RFG Advisory LLC bought a new position in shares of Fortive during the fourth quarter worth approximately $211,000. 82.49% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Martin Gafinowitz sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $71.27, for a total value of $2,138,100.00. Following the transaction, the senior vice president now owns 101,169 shares in the company, valued at $7,210,314.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.70% of the stock is currently owned by corporate insiders.

Fortive stock opened at $75.55 on Monday. The stock’s fifty day moving average price is $76.65 and its two-hundred day moving average price is $72.79. Fortive Corp has a one year low of $63.51 and a one year high of $89.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a market cap of $25.83 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 3.62 and a beta of 1.22.

Fortive (NYSE:FTV) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $0.87 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortive had a return on equity of 17.41% and a net margin of 37.57%. Fortive’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Sell-side analysts expect that Fortive Corp will post 3.44 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “hold” rating and set a $79.00 target price on shares of Fortive in a research note on Wednesday, December 18th. Citigroup upgraded Fortive from a “neutral” rating to a “buy” rating and increased their target price for the stock from $76.00 to $84.00 in a research note on Monday, December 9th. Credit Suisse Group upgraded Fortive from a “neutral” rating to an “outperform” rating and set a $82.00 target price on the stock in a research note on Monday, December 9th. Argus lowered Fortive from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Morgan Stanley upgraded Fortive from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $91.00 in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $81.85.

Fortive Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Institutional Ownership by Quarter for Fortive (NYSE:FTV)

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