Deutsche Bank AG Acquires Shares of 1,625,893 Fortive Corporation $FTV

Key Points

• Deutsche Bank acquired 1,625,893 Fortive shares worth approximately $99.3 million, giving it a 0.54% stake. Institutional investors collectively own 94.94% of the company.
• Fortive reported quarterly earnings of $0.74 per share, exceeding estimates of $0.71, while revenue rose 8% year over year to $1.10 billion. Analysts maintain a consensus “Hold” rating with a target price of $63.10.
• The company authorized a 20-million-share repurchase program and raised its quarterly dividend from $0.06 to $0.07 per share, equal to a 0.5% annualized yield.

Deutsche Bank AG acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,625,893 shares of the technology company's stock, valued at approximately $99,326,000. Deutsche Bank AG owned 0.54% of Fortive at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTV. DV Equities LLC purchased a new position in Fortive during the 4th quarter worth $25,000. Root Financial Partners LLC boosted its stake in shares of Fortive by 43.6% during the fourth 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. Main Street Group LTD purchased a new position in shares of Fortive during the first quarter worth about $31,000. 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 buying an additional 357 shares during the last quarter. Finally, Dakota Community Bank & Trust NA increased its position in Fortive by 59.2% in the 1st quarter. Dakota Community Bank & Trust NA now owns 702 shares of the technology company's stock valued at $39,000 after acquiring an additional 261 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the company's 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 directly owned 79,118 shares in the company, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Fortive from $58.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their price target on Fortive from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on Fortive from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Fortive from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, Citigroup boosted their price objective on shares of Fortive from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Fortive presently has an average rating of "Hold" and a consensus target price of $63.10.

Fortive Stock Performance

NYSE FTV opened at $59.41 on Friday. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 35.15 and a beta of 1.06. The business's 50 day moving average is $61.16 and its two-hundred day moving average is $59.39. Fortive Corporation has a 12-month low of $46.54 and a 12-month high of $64.56. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

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 firm had revenue of $1.10 billion for 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 company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Research analysts expect that Fortive Corporation will post 3.01 EPS for the current 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 disclosed 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 represents a $0.28 annualized dividend and a dividend yield of 0.5%. This is a positive change from Fortive's previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. Fortive's dividend payout ratio (DPR) is 14.20%.

Fortive Company 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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