Fortive Corporation $FTV Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Fortive Corporation (NYSE:FTV) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 550,918 shares of the technology company’s stock after acquiring an additional 10,104 shares during the period. BNP Paribas Financial Markets owned approximately 0.17% of Fortive worth $30,416,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FTV. Geneos Wealth Management Inc. boosted its position in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after buying an additional 357 shares during the last quarter. Dorato Capital Management purchased a new stake in shares of Fortive in the 4th quarter valued at $45,000. Hantz Financial Services Inc. increased its stake in shares of Fortive by 149.3% in the fourth quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock worth $47,000 after acquiring an additional 506 shares during the period. Dunhill Financial LLC increased its stake in shares of Fortive by 8,300.0% in the third quarter. Dunhill Financial LLC now owns 1,008 shares of the technology company’s stock worth $49,000 after acquiring an additional 996 shares during the period. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Fortive during the fourth quarter worth $49,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction on Monday, May 4th. The shares were sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FTV shares. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays raised their target price 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. Wells Fargo & Company upped their price target on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Argus upgraded Fortive from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, May 11th. Finally, Truist Financial reiterated a “hold” rating and issued a $61.00 target price (up from $56.00) on shares of Fortive in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.62.

Fortive Price Performance

FTV stock opened at $61.50 on Friday. The business’s 50-day moving average is $59.08 and its two-hundred day moving average is $56.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a market capitalization of $18.75 billion, a P/E ratio of 36.83, a P/E/G ratio of 3.25 and a beta of 1.06. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $73.77.

Fortive (NYSE:FTV) last released its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts anticipate that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive announced that its Board of Directors has authorized a share repurchase plan on Monday, May 4th that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.