Economy

$0.72 EPS Expected for Fortive Corporation (FTV) This Quarter

Currently, 145.66 million total shares are owned by the public and among those 145.6 million shares have been available to trade.

Fortive Corporation most recently reported earnings per share (EPS) of $0.71 for the June 2017 versus $0.64 in the same quarter past year, representing 11% growth. Its second quarter 2017 earnings were above the Zacks Consensus Estimate. Jacobi Capital Management LLC now owns 1,724 shares of the technology company's stock worth $104,000 after purchasing an additional 350 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Fortive Corporation by 93.9% during the 1st quarter. The number of shares now owned by investors are 77.55 mln. First Personal Financial Services raised its position in Fortive Corporation by 17.3% in the first quarter. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Fortive Corporation by 76.2% during the 1st quarter. The stock's short float is around of 0.91% and short ratio is 2.12. Vanguard Group has an ownership of 19,993,417 stocks of the technology firms shares valued at $1,204,004,000 after scooping up an extra 646,463 stocks in the previous period. Institutional owners hold 80.90% stake in the company while Insiders ownership held at 2.50%. "Has $400,000 Position in Fortive Corporation (FTV)" was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright laws. The legal version of this piece of content can be viewed at https://weekherald.com/2017/09/11/fortive-corporation-ftv-cut-to-hold-at-zacks-investment-research.html. Finally, SunTrust Banks, Inc. initiated coverage on shares of Fortive Corporation in a research report on Tuesday, December 13th. It opened the session with a $66.98 price tag, later ranging from $66.62 to $67.61, the range at which the stock has traded at throughout the day. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The stock is trading at $68.69 a bit higher than $67.69, the 50 day moving average and impressively higher than the 200 day moving average of $60.99. The company has market cap of $23.53 billion. Fortive Corporation has a 1 year low of $46.81 and a 1 year high of $68.08.

Fortive Corporation (NYSE:FTV) last issued its quarterly earnings results on Thursday, July 27th. The company's quarterly EPS surprised Wall Street by as much as 3% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. FTV generated revenue of $1.59 Billion in the same quarter, one year ago. The firm's revenue was up 4.7% compared to the same quarter past year.

Glacier Bancorp, Inc. (NASDAQ:GBCI) closed up +0.5 points or 1.55% at $32.71 with 0.41 mln shares exchanging hands. Analysts forecast that Fortive Corporation will post $2.79 earnings per share for the current fiscal year.

Additionally the company announced a dividend for shareholders to be paid on Friday the 29th of September 2017. This dividend represents a yeild of $0.42 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortive Corporation's yield is 11.02%.

FTV has been the subject of several research reports. Sanford C. Bernstein restated an "outperform" rating on shares of Fortive Corporation in a research report on Thursday, December 15th. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Fortive Corporation in a research note on Monday, May 22nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock.



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