Hsbc Holdings PLC Has $112.07 Million Position in Fortive Corporation $FTV

Hsbc Holdings PLC grew its stake in Fortive Corporation (NYSE:FTV) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,026,810 shares of the technology company’s stock after purchasing an additional 133,447 shares during the quarter. Hsbc Holdings PLC’s holdings in Fortive were worth $112,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FTV. Root Financial Partners LLC grew its stake in Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after buying an additional 168 shares during the last quarter. Rothschild Investment LLC lifted its position in Fortive by 20.5% during the fourth quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock worth $61,000 after acquiring an additional 189 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Fortive by 2.3% during the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after acquiring an additional 197 shares during the period. Park Avenue Securities LLC grew its position in shares of Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock valued at $464,000 after purchasing an additional 208 shares during the last quarter. Finally, Clearstead Trust LLC grew its position in shares of Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

FTV opened at $62.70 on Friday. 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 52-week low of $46.34 and a 52-week high of $63.40. The firm has a market cap of $19.12 billion, a P/E ratio of 37.55 and a beta of 1.06. The business’s fifty day moving average is $60.50 and its 200-day moving average is $57.85.

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

Fortive Dividend Announcement

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

Fortive declared that its Board of Directors has approved a stock buyback program on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company upped their price objective on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Truist Financial lifted their price objective on shares of Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.83.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president directly owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This trade represents a 35.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

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.