UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Fortive Corporation $FTV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Fortive Corporation (NYSE:FTV) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,129,457 shares of the technology company’s stock after selling 78,324 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fortive were worth $252,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC grew its holdings in Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after acquiring an additional 168 shares in the last quarter. Arkadios Wealth Advisors increased its position in Fortive by 2.1% during the 1st quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock valued at $500,000 after purchasing an additional 187 shares during the period. Rothschild Investment LLC raised its stake in Fortive by 20.5% in the fourth quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock worth $61,000 after buying an additional 189 shares in the last quarter. Empowered Funds LLC lifted its holdings in Fortive by 2.3% during the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after buying an additional 197 shares during the period. Finally, Clearstead Trust LLC lifted its holdings in Fortive by 29.8% during the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock worth $53,000 after buying an additional 219 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

Shares of NYSE FTV opened at $58.86 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $61.01 and its 200-day simple moving average is $59.44. Fortive Corporation has a 12 month low of $46.54 and a 12 month high of $64.56. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.47 and a beta of 1.06.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Analysts expect that Fortive Corporation will post 3.02 EPS for the current year.

Fortive announced that its Board of Directors has approved a stock repurchase plan on Monday, May 4th that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Fortive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.07 per share. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. Fortive’s payout ratio is 14.20%.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of Fortive stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the transaction, the senior vice president owned 79,118 shares in the company, valued at $4,872,877.62. The trade was a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FTV shares. Wells Fargo & Company boosted 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. Truist Financial reaffirmed a “hold” rating and issued a $68.00 price target (up from $67.00) on shares of Fortive in a report on Thursday, July 30th. Argus reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Fortive in a research report on Wednesday, August 19th. Weiss Ratings lowered Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.10.

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.