Citigroup Inc. Has $19.85 Million Holdings in Fortive Corporation $FTV

Citigroup Inc. lessened its stake in shares of Fortive Corporation (NYSE:FTV) by 23.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 405,164 shares of the technology company’s stock after selling 126,264 shares during the period. Citigroup Inc.’s holdings in Fortive were worth $19,849,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FTV. Vanguard Group Inc. lifted its holdings in shares of Fortive by 2.2% during the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock valued at $2,054,644,000 after acquiring an additional 839,321 shares during the period. Dodge & Cox increased its position in shares of Fortive by 51.5% during the 2nd quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after purchasing an additional 11,273,242 shares in the last quarter. Viking Global Investors LP lifted its holdings in Fortive by 22.9% during the 2nd quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock valued at $829,525,000 after purchasing an additional 2,962,502 shares during the last quarter. State Street Corp lifted its holdings in Fortive by 0.7% during the 2nd quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock valued at $738,013,000 after purchasing an additional 92,222 shares during the last quarter. Finally, Flossbach Von Storch SE boosted its position in Fortive by 1.6% in the second quarter. Flossbach Von Storch SE now owns 12,043,449 shares of the technology company’s stock valued at $627,825,000 after buying an additional 189,027 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FTV shares. Robert W. Baird set a $65.00 target price on shares of Fortive in a research note on Thursday, February 5th. Morgan Stanley lifted their price objective on Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada increased their target price on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Mizuho restated an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.85.

Fortive Price Performance

Fortive stock opened at $59.78 on Friday. The business’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $52.19. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.14 and a beta of 1.12. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $80.86.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 13.87%.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the transaction, the director owned 31,775 shares of the company’s stock, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

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.