Sterling Capital Management LLC Has $591,000 Position in Fortive Corporation $FTV

Sterling Capital Management LLC lessened its stake in Fortive Corporation (NYSE:FTV) by 43.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,699 shares of the technology company’s stock after selling 8,109 shares during the period. Sterling Capital Management LLC’s holdings in Fortive were worth $591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DV Equities LLC acquired a new position in shares of Fortive in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its position in Fortive by 246.2% during the 1st 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. Root Financial Partners LLC raised its holdings in Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the last quarter. Dorato Capital Management bought a new position in Fortive during the 4th quarter worth approximately $45,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Fortive by 149.3% in the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock worth $47,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Fortive Price Performance

Shares of NYSE FTV opened at $62.70 on Friday. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 37.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $63.40. The firm’s 50-day simple moving average is $60.46 and its 200 day simple moving average is $57.81.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 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 2.97 earnings per share for the current fiscal year.

Fortive declared that its board has initiated a share buyback program on Monday, May 4th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Fortive Dividend Announcement

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

Wall Street Analysts Forecast Growth

FTV has been the subject of several recent analyst reports. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Monday, May 11th. Citigroup boosted their target price on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley increased their price target on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company boosted their price objective on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Two equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.83.

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.