Corient Private Wealth LP Buys New Position in Fortive Corporation $FTV

Key Points

• Corient Private Wealth bought 142,313 Fortive shares worth approximately $8.7 million in the second quarter, while institutional investors overall own 94.94% of the company.
• Fortive exceeded quarterly earnings and revenue estimates, reporting $0.74 EPS and $1.10 billion in revenue; revenue rose 8% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive increased its quarterly dividend to $0.07 per share and maintains authorization to repurchase 20 million shares. Analysts have a consensus “Hold” rating with an average price target of $63.10, versus a recent share price of $59.64.

Corient Private Wealth LP purchased a new stake in shares of Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 142,313 shares of the technology company's stock, valued at approximately $8,694,000.

Other large investors have also recently added to or reduced their stakes in the company. Dodge & Cox increased its holdings in shares of Fortive by 3.7% in the fourth quarter. Dodge & Cox now owns 44,157,822 shares of the technology company's stock valued at $2,437,953,000 after buying an additional 1,562,028 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Fortive during the 2nd quarter worth $1,626,463,000. Viking Global Investors LP boosted its stake 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 acquiring an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Fortive by 29.2% in 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 acquiring an additional 4,532,031 shares during the last quarter. Finally, Flossbach Von Storch SE acquired a new position in shares of Fortive in the 2nd quarter worth $739,668,000. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares of the company's stock, valued at approximately $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company's stock.

Fortive Stock Down 0.1%

FTV opened at $59.64 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.47 and a beta of 1.06. The business has a 50 day moving average of $61.07 and a 200-day moving average of $59.46. Fortive Corporation has a 1-year low of $46.54 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 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.90 EPS. Fortive's revenue for the quarter was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, sell-side analysts anticipate that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive declared that its board has initiated a stock buyback program on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Fortive Increases Dividend

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

Analysts Set New Price Targets

FTV has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a report on Tuesday, May 12th. Wells Fargo & Company lifted their target price 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. Weiss Ratings lowered Fortive from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday. Argus reaffirmed a "buy" rating and issued a $68.00 price objective on shares of Fortive in a research note on Wednesday, August 19th. Finally, Morgan Stanley upped their price objective on shares of Fortive from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fortive has a consensus rating of "Hold" and an average price target 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.

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