Fortive Corporation $FTV Shares Acquired by Perpetual Ltd

Perpetual Ltd lifted its holdings in shares of Fortive Corporation (NYSE:FTV) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 630,963 shares of the technology company’s stock after buying an additional 17,170 shares during the period. Perpetual Ltd’s holdings in Fortive were worth $34,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dodge & Cox lifted its holdings in Fortive by 51.5% in the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after acquiring an additional 11,273,242 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of Fortive by 28.7% during the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after purchasing an additional 4,571,056 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of 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 valued at $426,699,000 after purchasing an additional 3,096,711 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Fortive by 205.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,719,200 shares of the technology company’s stock worth $182,204,000 after purchasing an additional 2,502,300 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Fortive by 132.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,222,299 shares of the technology company’s stock worth $157,860,000 after purchasing an additional 1,838,120 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FTV shares. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Mizuho reaffirmed an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Barclays raised their target price on Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Citigroup boosted their price target on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fortive has a consensus rating of “Hold” and an average price target of $60.69.

Fortive Stock Performance

Shares of NYSE FTV opened at $56.07 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $56.45 and a 200-day simple moving average of $53.60. The company has a market cap of $17.26 billion, a PE ratio of 32.41, a P/E/G ratio of 3.03 and a beta of 1.09. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $74.67.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities research analysts forecast that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s dividend payout ratio is presently 13.87%.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.

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.