12,107,839 Shares in Fortive Corporation $FTV Purchased by Flossbach Von Storch SE

Key Points

• Flossbach Von Storch SE acquired 12.1 million Fortive shares worth approximately $739.7 million, representing about 4.01% of the company and 3.3% of the firm’s portfolio. Institutional investors collectively own 94.94% of Fortive.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and a $63.10 price target. Fortive recently exceeded quarterly earnings and revenue estimates, reporting $0.74 EPS and $1.10 billion in revenue.
• Fortive pays a quarterly dividend of $0.06, yielding about 0.4%, and authorized a 20 million-share repurchase program, signaling management believes the stock may be undervalued.

Flossbach Von Storch SE acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,107,839 shares of the technology company's stock, valued at approximately $739,668,000. Fortive accounts for about 3.3% of Flossbach Von Storch SE's investment portfolio, making the stock its 11th largest holding. Flossbach Von Storch SE owned about 4.01% of Fortive as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Empirical Asset Management LLC acquired a new position in Fortive during the 2nd quarter worth approximately $557,000. Danske Bank A S acquired a new stake in shares of Fortive in the 2nd quarter valued at approximately $16,362,000. Wealthfront Advisers LLC acquired a new stake in shares of Fortive in the 2nd quarter valued at approximately $5,664,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Fortive in the second quarter valued at approximately $329,000. Finally, BlackRock Inc. purchased a new stake in shares of Fortive in the second quarter valued at approximately $1,626,463,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FTV shares. Royal Bank Of Canada increased their price objective on Fortive from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of Fortive from $58.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Fortive from $63.00 to $64.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 12th. Truist Financial reiterated 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. Finally, Weiss Ratings upgraded shares of Fortive from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $63.10.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the sale, the senior vice president directly owned 79,118 shares of the company's stock, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company's stock.

Fortive Stock Performance

NYSE FTV opened at $58.93 on Thursday. Fortive Corporation has a 1-year low of $46.54 and a 1-year high of $64.56. The company has a market capitalization of $17.80 billion, a P/E ratio of 34.87 and a beta of 1.06. The business has a 50 day moving average price of $61.17 and a 200 day moving average price of $59.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.Fortive's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Sell-side analysts expect that Fortive Corporation will post 3.01 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 22nd were given a $0.06 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive's payout ratio is currently 14.20%.

Fortive announced that its Board of Directors has initiated 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.

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