Delta Global Management LP Has $1.65 Million Stock Position in Fortive Corporation $FTV

Delta Global Management LP trimmed its position in Fortive Corporation (NYSE:FTV) by 31.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,881 shares of the technology company’s stock after selling 14,008 shares during the quarter. Delta Global Management LP’s holdings in Fortive were worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox increased its position in Fortive by 3.7% in the fourth quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock worth $2,437,953,000 after purchasing an additional 1,562,028 shares during the period. Viking Global Investors LP increased its position in Fortive by 28.7% in the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock worth $1,003,495,000 after purchasing an additional 4,571,056 shares during the period. Norges Bank bought a new position in Fortive during the fourth quarter worth about $491,928,000. Geode Capital Management LLC boosted its holdings in Fortive by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock worth $483,327,000 after buying an additional 116,939 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Fortive by 55.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company’s stock worth $426,699,000 after buying an additional 3,096,711 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction dated 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 in the company, valued at $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by company insiders.

Fortive Price Performance

Shares of FTV opened at $61.44 on Wednesday. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $71.85. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The stock has a market cap of $18.73 billion, a P/E ratio of 36.79 and a beta of 1.06. The stock’s 50-day moving average price is $60.01 and its two-hundred day moving average price is $57.19.

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

Fortive declared that its board has authorized a stock buyback plan on Monday, May 4th that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Fortive Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on FTV. Royal Bank Of Canada raised their target price on Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Truist Financial restated a “hold” rating and set a $61.00 target price (up from $56.00) on shares of Fortive in a report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Finally, Wells Fargo & Company raised their target price on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fortive currently has a consensus rating of “Hold” and an average price target of $61.62.

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.