Viking Global Investors Adds $196M in Fortive Corporation ($FTV)
Key Points
- Viking Global Investors changed its Fortive Corporation ($FTV) stake by 16.91% last quarter, boosting to 22,479,388 shares worth $1.36 billion.
- Wall Street's consensus rating on $FTV is Hold and an average price target of $64.31.
- $FTV last traded around $60.31.
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Viking Global Investors increased its position in Fortive Corporation ($FTV) by 16.91% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,479,388 shares of Fortive Corporation after buying 3,251,123 shares during the quarter. Viking Global Investors's holdings in Fortive Corporation were worth $1.36 billion as of its most recent filing.
Fortive Corporation Stock Up 1.0%
Shares of Fortive Corporation ($FTV) traded around $60.31 on Saturday, up 1.0% for the day.
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About Fortive Corporation
Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally. It operates through Intelligent Operating Solutions and Advanced Healthcare Solutions segments. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including maintenance, repair, measurement and condition monitoring, 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. This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and SERVICECHANNEL brand names. The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION brand names. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
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