Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in Fortive Corporation $FTV

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Fortive Corporation (NYSE:FTV) by 32.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 57,769 shares of the technology company’s stock after buying an additional 14,150 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fortive were worth $3,193,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FTV. DV Equities LLC purchased a new position in shares of Fortive in the fourth quarter worth $25,000. Root Financial Partners LLC boosted its holdings in shares of Fortive by 43.6% during the 4th 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 last quarter. Geneos Wealth Management Inc. grew its position in shares of Fortive by 246.2% during 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 in the last quarter. Dorato Capital Management bought a new stake in shares of Fortive in the fourth quarter worth about $45,000. Finally, Hantz Financial Services Inc. increased its holdings 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 purchasing an additional 506 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Price Performance

Fortive stock opened at $63.62 on Tuesday. The firm has a 50-day moving average price of $60.50 and a 200-day moving average price of $57.87. The firm has a market capitalization of $19.40 billion, a PE ratio of 38.10 and a beta of 1.06. 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 12-month low of $46.34 and a 12-month high of $64.34.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s 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. As a group, equities research analysts forecast that Fortive Corporation will post 2.97 EPS for the current year.

Fortive announced that its board has authorized a share repurchase program on Monday, May 4th that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Fortive Dividend Announcement

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

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 47,557 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the transaction, the senior vice president 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 SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FTV. Citigroup increased their price target on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research cut shares of Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company upped their price target on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.83.

Fortive 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.