37,132 Shares in Fortive Corporation $FTV Bought by Commerce Bank

Key Points

• Commerce Bank acquired 37,132 Fortive shares worth approximately $2.27 million in the second quarter. Institutional investors and hedge funds collectively own 94.94% of Fortive’s outstanding stock.
• Fortive reported quarterly EPS of $0.74, beating analyst estimates of $0.71, while revenue rose 8% year over year to $1.10 billion. The company maintained fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive authorized a repurchase of up to 20 million shares and increased its quarterly dividend from $0.06 to $0.07 per share. Analysts’ consensus rating remains “Hold,” with an average price target of $63.10.

Commerce Bank acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,132 shares of the technology company's stock, valued at approximately $2,268,000.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Fortive during the second quarter valued at about $1,626,463,000. Flossbach Von Storch SE bought a new position in Fortive in the 2nd quarter valued at approximately $739,668,000. Norges Bank bought a new position in Fortive in the 4th quarter valued at approximately $491,928,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 7,479,776 shares during the period. Finally, Viking Global Investors LP grew its holdings in 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 acquiring an additional 4,571,056 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Fortive Trading Up 0.6%

FTV opened at $60.45 on Tuesday. Fortive Corporation has a twelve month low of $46.54 and a twelve month high of $64.56. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $61.16 and a 200-day moving average of $59.48. The stock has a market cap of $18.26 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.

Fortive (NYSE:FTV - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, sell-side analysts predict that Fortive Corporation will post 3.02 EPS for the current year.

Fortive declared that its Board of Directors has initiated a stock repurchase program on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Fortive Increases Dividend

The business also recently disclosed 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. This is an increase from Fortive's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. Fortive's dividend payout ratio (DPR) is currently 14.20%.

Insider Activity

In other 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 transaction of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares of the company's stock, valued at $4,872,877.62. This represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FTV shares. Royal Bank Of Canada upped their price target on shares of Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective 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. Weiss Ratings upgraded Fortive from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Argus reaffirmed a "buy" rating and set a $68.00 target price on shares of Fortive in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company lifted their target price on Fortive from $58.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 4th. Two investment 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.10.

About Fortive

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.

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