Robeco Institutional Asset Management B.V. grew its stake in Fortive Corporation (NYSE:FTV - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 866,277 shares of the technology company's stock after buying an additional 116,257 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.27% of Fortive worth $47,827,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock valued at $37,000 after buying an additional 357 shares during the period. Quent Capital LLC acquired a new position in shares of Fortive in the 3rd quarter valued at about $28,000. Exchange Traded Concepts LLC lifted its holdings in shares of Fortive by 46.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company's stock valued at $36,000 after buying an additional 236 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of Fortive by 71.1% in the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company's stock valued at $38,000 after buying an additional 325 shares during the period. Finally, Dorato Capital Management acquired a new position in shares of Fortive in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 94.94% of the company's stock.
Insiders Place Their Bets
In other Fortive news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the transaction, the director owned 31,775 shares of the company's stock, valued at $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.92% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on FTV. Barclays boosted their price objective on Fortive from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Monday, February 9th. Mizuho reissued an "underperform" rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Fortive in a report on Monday, December 29th. Robert W. Baird set a $65.00 price objective on Fortive in a report on Thursday, February 5th. Finally, Citigroup upped their price target on Fortive from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $60.17.
Check Out Our Latest Analysis on Fortive
Fortive Stock Performance
NYSE FTV opened at $59.82 on Tuesday. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.15 and a beta of 1.09. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $74.67. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $57.08 and a 200 day moving average of $54.10.
Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive's quarterly revenue was up 4.7% compared to the same quarter last year. 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. Sell-side analysts anticipate that Fortive Corporation will post 4.05 EPS for the current fiscal year.
Fortive Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive's dividend payout ratio is presently 13.87%.
Fortive Company Profile
(
Free Report)
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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