Intech Investment Management LLC Has $1.77 Million Position in Fortive Corporation $FTV

Intech Investment Management LLC increased its stake in Fortive Corporation (NYSE:FTV) by 325.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,093 shares of the technology company’s stock after purchasing an additional 27,601 shares during the period. Intech Investment Management LLC’s holdings in Fortive were worth $1,768,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in shares of Fortive by 46.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after buying an additional 236 shares during the period. Blue Trust Inc. lifted its stake in shares of Fortive by 20.4% during the third quarter. Blue Trust Inc. now owns 1,612 shares of the technology company’s stock valued at $79,000 after acquiring an additional 273 shares during the period. CX Institutional boosted its holdings in Fortive by 8.7% in the third quarter. CX Institutional now owns 3,693 shares of the technology company’s stock valued at $181,000 after acquiring an additional 296 shares during the last quarter. Locust Wood Capital Advisers LLC increased its position in Fortive by 2.9% in the second quarter. Locust Wood Capital Advisers LLC now owns 10,500 shares of the technology company’s stock worth $547,000 after purchasing an additional 300 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in Fortive by 4.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,725 shares of the technology company’s stock worth $378,000 after purchasing an additional 306 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Trading Down 0.0%

Shares of NYSE FTV opened at $57.99 on Friday. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $77.79. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.13 and a beta of 1.10. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $56.34 and its 200-day moving average is $52.55.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 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 4.05 EPS for the current year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th 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 Friday, March 13th. Fortive’s payout ratio is 13.87%.

Insider Activity

In related news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTV. Royal Bank Of Canada raised their target price on shares of Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Barclays lifted their target price on shares of Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Mizuho restated an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.85.

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.