Intech Investment Management LLC significantly increased its stake in Fortive Corporation (NYSE:FTV) by 325% in the third quarter, acquiring 27,601 additional shares to own a total of 36,093 shares valued at approximately $1.77 million. This move is part of a broader trend of institutional investors boosting their positions in Fortive, while a company director sold off a portion of her shares. Fortive also reported strong quarterly earnings, exceeding analyst expectations, and declared a quarterly dividend.
Intech Investment Management LLC Purchases 27,601 Shares of Fortive Corporation $FTV
Intech Investment Management LLC significantly increased its stake in Fortive Corporation (NYSE:FTV) by 325% in the third quarter, acquiring 27,601 additional shares to own a total of 36,093 shares valued at approximately $1.77 million. This move is part of a broader trend of institutional investors boosting their positions in Fortive, while a company director sold off a portion of her shares. Fortive also reported strong quarterly earnings, exceeding analyst expectations, and declared a quarterly dividend.