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NBW Capital LLC acquires 9,040 Fortive Co. shares (NYSE:FTV)

NBW Capital LLC acquires 9,040 Fortive Co. shares (NYSE:FTV)

The most recent Form 13F filing that NBW Capital LLC submitted to the Securities and Exchange Commission revealed that during the third quarter, the company increased the number of shares of Fortive Co. (NYSE: FTV) that it owned by 12.2%. The institutional investor has 82,992 shares in the technology company after making additional purchases during the period under consideration that totaled $9,040. After the most recent financial quarter, NBW Capital LLC’s holdings in Fortive were valued at $4,838,000, according to calculations.

Other institutional investors have bought and sold company shares before and after the initial public offering. This activity occurred both before and after the IPO. Investors Asset Management of Georgia Inc. (GA ADV) made a brand-new investment in Fortive during the second quarter of the fiscal year. The value of this investment was $27,000. During the third quarter, Core Alternative Capital achieved a 98.2% increase in the proportion of Fortive stock it owned. Core Alternative Capital now has a total of 555 shares of the technology company’s stock, worth $32,000, after making a new purchase of 275 shares during the most recent period. This brings the total number of shares that Core Alternative Capital owns to 555. Atticus Wealth Management LLC spent $37,000 purchasing a brand-new investment in Fortive during the year’s second quarter. During the second quarter of this year, Clear Street Markets LLC increased the percentage of Fortive shares it owned by 197.2%. Clear Street Markets LLC now has a total of 749 shares in the technology business, which are currently valued at $41,000. This results from the company purchasing an additional 497 shares throughout the period in question. At the end of the second quarter, Parkwood LLC spent $42,000 to acquire an additional investment in Fortive. The vast majority of the company’s stock is owned by large financial institutions, which account for 94.84% of the total.

The price of NYSE: FTV shares fell by $0.30 on Thursday, bringing the price per share to 66.04 dollars. There were 11,720 transactions involving the company’s stock, and the volume of traded shares was an average of 1,377,970 per transaction. The stock’s simple moving average over the past 50 days is $66.11, and its simple moving average over the past 200 days is $63.44. Over the last year, Fortive Company’s share price ranged from a record low of $52.47 to a record high of $73.22. The company’s market capitalization is currently sitting at $23.37 billion, and it carries a price-to-earnings ratio of 34.73, a price-to-growth ratio of 2.31, and a beta coefficient of 1.12. All three ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, come in at 0.27. Both the current ratio and the quick ratio have the same value, which is 0.73. The current ratio is the same as 0.94.

Fortive (NYSE: FTV) disclosed the company’s financial results for the year’s third quarter on Wednesday, October 26. The technology company reported $0.79 per share earnings for the previous quarter, which is $0.03 more than the consensus estimate of $0.76 per share provided by market analysts. Fortive successfully achieved a net margin of 12.22% and an equity return of 11.69%. Even though market watchers anticipated that the company would bring in revenue for the quarter totaling $1.44 billion, the company brought in revenue totaling $1.46 billion. Sell-side analysts anticipate that Fortive Co. will generate $3.12 per share earnings during the current financial year.

In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On Wednesday, November 30, dividend payments were made to stockholders who were already on record and received $0.07 per share. These payments were distributed to stockholders. Tuesday, November 29, was the date that shareholders were required to pay taxes on this dividend. This date occurred in November. This equates to a dividend payment of $0.28 on an annualized basis and a dividend yield of 0.42%. Both of these figures can be found in the table below. Fortive pays out 14.66% of its profits in the form of dividends as a percentage of earnings.

On Friday, November 11, Patrick K. Murphy, Chief Executive Officer of the company, completed the sale of 32,788 shares of company stock. This piece of news is related to the previous one. The stock was bought and sold for a total value of $2,247,945.28 at an average price per share of $68.56. This resulted in the accumulation of cash. After the completion of the transaction, the chief executive officer now directly owns 62,929 shares of the company’s stock. Based on the current stock price of approximately $4,314,412.24, these shares have a value of approximately $4,314,412.24. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. According to the news article linked in the previous sentence, the Chief Financial Officer of the company, Charles E. Mclaughlin, sold 13,156 shares of company stock on Friday, November 11. The transaction involving the shares had a total value of $900,396.94, and the price paid for each share came to an average of $68.44. At this time, the chief financial officer holds a direct ownership stake in the company equal to 88,818 shares, currently valued at approximately $6,078,703.92. If you follow the link, which takes you to a document submitted to the SEC, you can acquire additional information regarding the transaction. In addition, on November 11, Patrick K. Murphy, the company’s Chief Executive Officer, sold 32,788 shares of the company’s stock. The stock was bought and sold for a total value of $2,247,945.28 at an average price per share of $68.56. This resulted in the accumulation of cash. As a direct consequence of the transaction, the Chief Executive Officer now owns 62,929 company shares, which currently have a value of $4,314,412.24. Disclosures that are related to the sale might be found in this section of the website. The company insiders’ current ownership of the company’s stock is 0.79%.

Recent analyst reports have focused primarily on FTV for most of their coverage. In a research report made available to the public on Friday, December 9, Citigroup increased the price objective on Fortive’s stock from $73.00 to $77.00 and assigned a “buy” rating to the company’s stock. In a research report published on Thursday, October 20, gave Fortive a “buy” recommendation, indicating that investors should purchase the company’s shares. Previously, a “hold” rating was assigned to the company. Credit Suisse Group gave Fortive an “outperform” rating in a research report published on Thursday, October 27. However, the company’s price target decreased from $79 to $78 during the same period. Wells Fargo & Company announced, in a research note made public on Thursday, that they were increasing their price objective on Fortive from $67.0 to $69.00. In addition to that, they ranked the stock as “equal weight,” which is a neutral rating. In a research note published on Thursday, October 27, Morgan Stanley increased their price target on Fortive from $73.00 to $75.00 and gave the stock an “overweight” rating. Both of these changes were made. Seven analysts have given the company a recommendation to buy, while only three have recommended that investors maintain their current holdings in the stock. According to information retrieved from, the current consensus rating for Fortive is “Moderate Buy,” and the average price objective for the company is $73.85.


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