Alamea Verwaltungs GmbH Purchases Shares of 15,249 Fortive Corporation $FTV

Alamea Verwaltungs GmbH purchased a new stake in Fortive Corporation (NYSE:FTV) during the 4th quarter, Holdings Channel reports. The firm purchased 15,249 shares of the technology company’s stock, valued at approximately $805,000. Fortive accounts for 0.5% of Alamea Verwaltungs GmbH’s portfolio, making the stock its 26th biggest position.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in shares of Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after purchasing an additional 168 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 357 shares during the period. Dorato Capital Management acquired a new stake in shares of Fortive in the fourth quarter valued at approximately $45,000. Hantz Financial Services Inc. grew its position in Fortive by 149.3% in the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock valued at $47,000 after buying an additional 506 shares in the last quarter. Finally, Dunhill Financial LLC grew its position in Fortive by 8,300.0% in the 3rd quarter. Dunhill Financial LLC now owns 1,008 shares of the technology company’s stock valued at $49,000 after buying an additional 996 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Price Performance

Shares of NYSE FTV opened at $60.15 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $71.85. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 36.02 and a beta of 1.06. The firm has a 50-day moving average of $59.82 and a two-hundred day moving average of $57.05.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, beating 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 company had revenue of $2.14 billion during 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% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, analysts expect that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive announced that its board has approved a share repurchase plan on Monday, May 4th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive’s dividend payout ratio is currently 14.37%.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the company’s stock in a transaction dated 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. This represents a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

FTV has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Zacks Research lowered shares of Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. increased their target price on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their target price on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fortive presently has a consensus rating of “Hold” and a consensus target price of $61.62.

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.