Barrow Hanley Mewhinney & Strauss LLC Acquires New Shares in Fortive Corporation $FTV

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Fortive Corporation (NYSE:FTV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,635,231 shares of the technology company's stock, valued at approximately $527,526,000. Fortive accounts for 1.6% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its 18th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 2.86% of Fortive as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTV. DV Equities LLC bought a new position in shares of Fortive during the 4th quarter valued at about $25,000. Virtus Advisers LLC bought a new stake in Fortive during the 2nd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. bought a new stake in Fortive during the 2nd quarter worth approximately $30,000. Root Financial Partners LLC raised 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 worth $31,000 after buying an additional 168 shares during the period. Finally, Main Street Group LTD bought a new position in Fortive in the first quarter valued at approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Fortive Stock Performance

Shares of FTV opened at $60.14 on Monday. The firm has a 50-day moving average of $61.16 and a 200-day moving average of $59.43. The company has a market cap of $18.16 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.49 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 Corporation has a one year low of $46.54 and a one year high of $64.56.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.10 billion for 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%.The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities analysts forecast that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive Increases Dividend

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

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

Insiders Place Their Bets

In other Fortive 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 directly owned 79,118 shares in the company, 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 SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

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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