1ST Source Bank Takes Position in Fortive Corporation $FTV

Key Points

• 1ST Source Bank acquired 20,056 Fortive shares during the second quarter, valued at approximately $1.225 million. Institutional investors collectively own 94.94% of Fortive’s stock.
• Fortive reported quarterly EPS of $0.74, beating estimates of $0.71, while revenue rose 8% year over year to $1.10 billion. The company issued fiscal 2026 EPS guidance of $2.95–$3.05.
• Analysts maintain a consensus “Hold” rating with a $63.10 price target, while Fortive supports shareholders through a $0.24 annual dividend and an authorized repurchase of up to 20 million shares.

1ST Source Bank acquired a new position in Fortive Corporation (NYSE:FTV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,056 shares of the technology company's stock, valued at approximately $1,225,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Fortive during the fourth quarter worth about $491,928,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Fortive by 102,687.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company's stock worth $413,361,000 after purchasing an additional 7,479,776 shares during the last quarter. Viking Global Investors LP increased its position in shares of Fortive by 28.7% during the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company's stock worth $1,003,495,000 after purchasing an additional 4,571,056 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Fortive by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company's stock worth $1,106,760,000 after purchasing an additional 4,532,031 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FTV shares. Morgan Stanley lifted their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price on shares of Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a research note on Tuesday, May 12th. Argus upgraded Fortive from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a report on Monday, May 11th. Zacks Research downgraded Fortive from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Finally, Truist Financial reissued a "hold" rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Fortive presently has a consensus rating of "Hold" and a consensus price target of $63.10.

Fortive Stock Down 0.1%

FTV stock opened at $61.56 on Monday. Fortive Corporation has a fifty-two week low of $46.54 and a fifty-two week high of $64.56. 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 stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 36.43 and a beta of 1.06. The business's fifty day moving average price is $61.27 and its two-hundred day moving average price is $59.20.

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

Fortive Announces Dividend

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

Fortive announced that its board has authorized a share repurchase plan on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the transaction, the senior vice president directly owned 79,118 shares of the company's stock, valued at approximately $4,872,877.62. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

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