21,648 Shares in Fortive Corporation $FTV Bought by Man Group plc

Key Points

• Man Group bought 21,648 Fortive shares worth approximately $1.32 million in the second quarter, while institutional investors collectively own 94.94% of the company.
• Fortive exceeded quarterly earnings and revenue expectations, reporting adjusted EPS of $0.74 versus the $0.71 estimate and revenue of $1.10 billion. The company guided to fiscal 2026 EPS of $2.95–$3.05.
• Fortive raised its quarterly dividend to $0.07 per share, implying an annualized yield of roughly 0.5%. Analysts maintain a consensus “Hold” rating with an average price target of $63.10.

Man Group plc purchased a new stake in shares of Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,648 shares of the technology company's stock, valued at approximately $1,322,000.

Other institutional investors have also added to or reduced their stakes in the company. DV Equities LLC bought a new position in shares of Fortive during the fourth quarter valued at about $25,000. Virtus Advisers LLC bought a new stake in shares of Fortive in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Fortive in the second quarter worth about $30,000. Root Financial Partners LLC increased 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 valued at $31,000 after purchasing an additional 168 shares during the period. Finally, Main Street Group LTD purchased a new position in Fortive during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Fortive Price Performance

FTV opened at $56.65 on Thursday. The stock has a 50-day moving average price of $60.86 and a 200-day moving average price of $59.43. 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 has a market cap of $17.11 billion, a PE ratio of 33.52, a P/E/G ratio of 2.35 and a beta of 1.05. Fortive Corporation has a 1 year low of $46.65 and a 1 year high of $64.56.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. Fortive's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Sell-side analysts predict that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Fortive's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. Fortive's dividend payout ratio is currently 14.20%.

Insider Activity at Fortive

In related 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 completion of the sale, the senior vice president owned 79,118 shares of the company's stock, valued at $4,872,877.62. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FTV shares. Argus reissued a "buy" rating and set a $68.00 target price on shares of Fortive in a research note on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a report on Tuesday, May 12th. Truist Financial reissued a "hold" rating and set a $68.00 price objective (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Fortive from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, August 27th. Finally, Morgan Stanley raised their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 3rd. Two equities research 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. According to data from MarketBeat.com, Fortive presently has an average rating of "Hold" and a consensus price target of $63.10.

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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corporation (NYSE:FTV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source