Delta Global Management LP Takes Position in Fortive Corporation $FTV

Key Points

• Delta Global Management LP opened a new position in Fortive, purchasing 43,889 shares worth about $2.15 million, and overall institutional investors now hold 94.94% of the stock.
• Fortive beat Q4 expectations with $0.90 EPS vs. $0.83 consensus and revenue up 4.7% year‑over‑year, and it issued FY2026 guidance of 2.900–3.000 EPS.
• Director Kate Mitchell sold 7,131 shares (an 18.33% reduction in her position) in a transaction disclosed to the SEC, while insiders collectively own about 0.92% of the company.

Delta Global Management LP purchased a new position in shares of Fortive Corporation (NYSE:FTV - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 43,889 shares of the technology company's stock, valued at approximately $2,150,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTV. Brighton Jones LLC raised its position in Fortive by 97.1% in the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock valued at $428,000 after purchasing an additional 2,811 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company's stock worth $484,000 after purchasing an additional 430 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock worth $37,000 after purchasing an additional 357 shares during the last quarter. Allworth Financial LP increased its stake in shares of Fortive by 98.3% in the second quarter. Allworth Financial LP now owns 1,259 shares of the technology company's stock valued at $66,000 after buying an additional 624 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Fortive in the second quarter valued at $246,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fortive

In other Fortive news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director owned 31,775 shares of the company's stock, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.92% of the company's stock.

Fortive Price Performance

Shares of FTV stock opened at $53.74 on Tuesday. The stock has a 50-day moving average price of $56.37 and a 200 day moving average price of $52.97. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 2.93 and a beta of 1.10. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $76.54.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts expect that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive's dividend payout ratio (DPR) is presently 13.87%.

Analyst Upgrades and Downgrades

FTV has been the topic of several research reports. Robert W. Baird set a $65.00 price target on shares of Fortive in a research report on Thursday, February 5th. Zacks Research upgraded shares of Fortive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Fortive in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their target price on shares of Fortive from $57.00 to $63.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company raised their price target on shares of Fortive from $59.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.85.

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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