Allianz Asset Management GmbH Has $4.36 Million Holdings in Fortive Corporation $FTV

Allianz Asset Management GmbH lifted its position in Fortive Corporation (NYSE:FTV) by 192.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,956 shares of the technology company’s stock after acquiring an additional 58,522 shares during the quarter. Allianz Asset Management GmbH’s holdings in Fortive were worth $4,358,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming lifted its holdings in shares of Fortive by 70.2% in the third quarter. State of Wyoming now owns 6,594 shares of the technology company’s stock valued at $323,000 after purchasing an additional 2,720 shares in the last quarter. National Pension Service lifted its stake in Fortive by 1.3% in the 3rd quarter. National Pension Service now owns 528,356 shares of the technology company’s stock worth $25,884,000 after acquiring an additional 6,741 shares in the last quarter. Arizona State Retirement System boosted its position in Fortive by 0.6% during the 3rd quarter. Arizona State Retirement System now owns 100,056 shares of the technology company’s stock worth $4,902,000 after acquiring an additional 596 shares during the period. New York State Common Retirement Fund grew its stake in Fortive by 24.1% during the 3rd quarter. New York State Common Retirement Fund now owns 232,191 shares of the technology company’s stock valued at $11,375,000 after acquiring an additional 45,100 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Fortive by 8,112.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,212 shares of the technology company’s stock valued at $411,000 after purchasing an additional 8,112 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTV has been the subject of several research reports. Truist Financial restated a “hold” rating and set a $58.00 price target (up from $55.00) on shares of Fortive in a report on Thursday, October 30th. Robert W. Baird set a $65.00 target price on shares of Fortive in a research note on Thursday, February 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $57.00 price target (up from $55.00) on shares of Fortive in a report on Friday, January 16th. Barclays increased their price objective on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Royal Bank Of Canada boosted their target price on Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.38.

Fortive Stock Up 1.8%

FTV opened at $61.82 on Wednesday. The firm has a market cap of $19.63 billion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 3.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The business has a 50 day moving average price of $55.24 and a 200 day moving average price of $51.45. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $83.32.

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

Fortive Company Profile

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.