10,061 Shares in Fortive Corporation $FTV Purchased by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA purchased a new position in Fortive Corporation (NYSE:FTV) during the 1st quarter, HoldingsChannel reports. The firm purchased 10,061 shares of the technology company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FTV. DV Equities LLC bought a new stake in Fortive during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after buying an additional 357 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after buying an additional 168 shares in the last quarter. Dorato Capital Management acquired a new stake in shares of Fortive during the 4th quarter valued at $45,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Fortive by 149.3% during the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock valued at $47,000 after acquiring an additional 506 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Trading Up 0.1%

NYSE FTV opened at $62.70 on Monday. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $63.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 37.55 and a beta of 1.06. The firm’s 50 day moving average price is $60.50 and its two-hundred day moving average price is $57.87.

Fortive (NYSE:FTV) last released 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 analyst estimates of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities analysts anticipate that Fortive Corporation will post 2.97 EPS for the current year.

Fortive Dividend Announcement

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

Fortive announced that its board has initiated a share repurchase program on Monday, May 4th that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FTV shares. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Citigroup upped their target price on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Morgan Stanley increased their price target on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, May 11th. Finally, Zacks Research downgraded Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fortive currently has an average rating of “Hold” and a consensus price target of $61.83.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. This represents a 35.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.65% 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.