Fortive Corporation $FTV Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in shares of Fortive Corporation (NYSE:FTV) by 18.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 100,786 shares of the technology company’s stock after acquiring an additional 16,033 shares during the period. Corient Private Wealth LLC’s holdings in Fortive were worth $5,566,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dodge & Cox raised its position in shares of Fortive by 3.7% in the 4th quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock valued at $2,437,953,000 after purchasing an additional 1,562,028 shares during the last quarter. Viking Global Investors LP grew its position in Fortive by 28.7% during the 3rd 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 last quarter. Price T Rowe Associates Inc. MD increased its stake in Fortive by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock valued at $1,106,760,000 after purchasing an additional 4,532,031 shares in the last quarter. Norges Bank acquired a new position in Fortive during the 4th quarter valued at approximately $491,928,000. Finally, Geode Capital Management LLC increased its stake in Fortive by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock valued at $483,327,000 after purchasing an additional 116,939 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Fortive

In other Fortive 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 value of $2,891,941.17. Following the sale, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. This represents a 35.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTV shares. Citigroup lifted their price objective on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Morgan Stanley lifted their price target on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Finally, Truist Financial reaffirmed 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. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.62.

Fortive Trading Up 2.1%

Shares of Fortive stock opened at $61.67 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a fifty day moving average price of $60.33 and a 200 day moving average price of $57.57. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $71.85. The stock has a market cap of $18.80 billion, a PE ratio of 36.93 and a beta of 1.06.

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

Fortive announced that its Board of Directors 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 usually a sign that the company’s board believes its stock is undervalued.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be issued a $0.06 dividend. 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 payout ratio is presently 14.37%.

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.