Ancora Advisors LLC Purchases New Position in Fortive Corporation $FTV

Key Points

• Ancora Advisors acquired 188,600 Fortive shares in the second quarter, valued at approximately $11.5 million. Institutional investors collectively own 94.94% of the company.
• Fortive’s latest quarterly results exceeded expectations, with adjusted EPS of $0.74 versus the $0.71 consensus and revenue of $1.10 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive shares opened at $59.49, while analysts maintain a consensus “Hold” rating and an average price target of $63.10. The company also increased its quarterly dividend to $0.07 per share and authorized repurchases of up to 20 million shares.

Ancora Advisors LLC acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 188,600 shares of the technology company's stock, valued at approximately $11,522,000. Ancora Advisors LLC owned approximately 0.06% of Fortive at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock worth $428,000 after acquiring an additional 2,811 shares during the last quarter. Empowered Funds LLC increased its stake in Fortive by 6.9% in the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company's stock valued at $484,000 after purchasing an additional 430 shares during the period. Geneos Wealth Management Inc. increased its stake in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock valued at $37,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC increased its stake in Fortive by 87.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company's stock valued at $118,000 after purchasing an additional 1,062 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Fortive by 3.3% in the second quarter. Cerity Partners LLC now owns 80,595 shares of the technology company's stock valued at $4,201,000 after buying an additional 2,548 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Fortive

In other Fortive 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 completion of 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

FTV has been the subject of a number of recent research reports. Argus reaffirmed a "buy" rating and set a $68.00 price objective on shares of Fortive in a research report on Wednesday, August 19th. Royal Bank Of Canada boosted their target price on Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a report on Friday, May 1st. Truist Financial restated a "hold" rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Wells Fargo & Company increased their price target on Fortive from $58.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 4th. Finally, 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. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.10.

Fortive Stock Down 1.6%

Fortive stock opened at $59.49 on Wednesday. The stock's 50 day moving average price is $61.13 and its 200 day moving average price is $59.47. Fortive Corporation has a 1-year low of $46.54 and a 1-year high of $64.56. The company has a market cap of $17.97 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06. 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 released 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% compared to the same quarter last year. During the same quarter in the prior year, the business 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 fiscal year.

Fortive declared that its board has authorized a stock repurchase plan on Monday, May 4th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Fortive Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 4th. This is an increase from Fortive's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.5%. Fortive's dividend payout ratio (DPR) is currently 14.20%.

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.

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