996,271 Shares in Fortive Corporation $FTV Bought by Hsbc Holdings PLC

Posted by George Bondi on Aug 27th, 2026

Hsbc Holdings PLC bought a new position in shares of Fortive Corporation (NYSE:FTV – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 996,271 shares of the technology company’s stock, valued at approximately $60,884,000.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Fortive by 97.1% during the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after buying an additional 2,811 shares during the last quarter. Empowered Funds LLC grew its stake in Fortive by 6.9% in the 1st quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock valued at $484,000 after acquiring an additional 430 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Fortive by 87.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company’s stock worth $118,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Fortive by 3.3% during the second quarter. Cerity Partners LLC now owns 80,595 shares of the technology company’s stock worth $4,201,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley lifted their price objective on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their target price on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Truist Financial reiterated a “hold” rating and set a $68.00 target price (up from $67.00) on shares of Fortive in a report on Thursday, July 30th. Finally, Argus reissued a “buy” rating and set a $68.00 price target on shares of Fortive in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fortive has a consensus rating of “Hold” and a consensus price target of $63.10.

Get Our Latest Report on Fortive

Insiders Place Their Bets

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the transaction, the senior vice president directly owned 79,118 shares in the company, valued at approximately $4,872,877.62. The trade was a 9.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Fortive Price Performance

NYSE:FTV opened at $60.30 on Thursday. Fortive Corporation has a 12-month low of $46.54 and a 12-month high of $64.56. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The company’s 50-day moving average is $61.12 and its two-hundred day moving average is $59.47. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

Fortive (NYSE:FTV – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Research analysts expect that Fortive Corporation will post 3.02 EPS for the current year.

Fortive Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from Fortive’s previous quarterly dividend of $0.06. Fortive’s dividend payout ratio is presently 14.20%.

Fortive announced that its Board of Directors has approved a share buyback plan on Monday, May 4th that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Fortive Company Profile

(Free Report)

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.