8,400 Shares in Fortive Corporation $FTV Purchased by Fractal Investments LLC

Fractal Investments LLC purchased a new position in shares of Fortive Corporation (NYSE:FTV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,400 shares of the technology company’s stock, valued at approximately $464,000.

A number of other hedge funds have also bought and sold shares of FTV. Brighton Jones LLC increased its position in Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after acquiring an additional 2,811 shares during the period. Empowered Funds LLC increased its position in Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after acquiring an additional 430 shares during the period. Geneos Wealth Management Inc. increased its position in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after acquiring an additional 357 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 1,062 shares in the last quarter. Finally, Cerity Partners LLC grew its stake 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 buying an additional 2,548 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. Robert W. Baird set a $65.00 price objective on shares of Fortive in a research note on Thursday, February 5th. Wells Fargo & Company reduced their price objective on shares of Fortive from $65.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley increased their price objective on shares of Fortive from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.17.

Fortive Trading Up 1.5%

Shares of Fortive stock opened at $60.53 on Friday. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 3.23 and a beta of 1.09. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $74.67. The firm’s 50-day moving average price is $57.17 and its two-hundred day moving average price is $54.37.

Fortive (NYSE:FTV) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s dividend payout ratio is 13.87%.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the transaction, the director owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.92% of the company’s stock.

About Fortive

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.