Fortive Corporation $FTV Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. raised its Fortive stake by 4.4% in Q4, buying 35,166 shares to hold 828,261 shares valued at about $45.7 million (roughly 0.26% ownership).
• Analysts have mixed views but the consensus remains a "Hold" with a target price of $60.17, amid several target revisions (e.g., JPMorgan to $63, RBC to $65, Morgan Stanley to $58) and one notable upgrade from Zacks to "strong-buy."
• Fortive beat Q results with $0.90 EPS vs. $0.83 expected and $1.12B revenue vs. $1.09B, issued FY2026 EPS guidance of $2.90–3.00, and pays a modest quarterly dividend of $0.06 (0.4% yield).

Sumitomo Mitsui Trust Group Inc. raised its stake in Fortive Corporation (NYSE:FTV - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 828,261 shares of the technology company's stock after acquiring an additional 35,166 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Fortive worth $45,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its stake in Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company's stock valued at $464,000 after acquiring an additional 208 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company's stock valued at $36,000 after acquiring an additional 236 shares in the last quarter. Blue Trust Inc. boosted its stake in Fortive by 20.4% in the third quarter. Blue Trust Inc. now owns 1,612 shares of the technology company's stock valued at $79,000 after acquiring an additional 273 shares in the last quarter. GAMMA Investing LLC boosted its stake in Fortive by 13.1% in the fourth quarter. GAMMA Investing LLC now owns 2,516 shares of the technology company's stock valued at $139,000 after acquiring an additional 291 shares in the last quarter. Finally, CX Institutional boosted its stake in Fortive by 8.7% in the third quarter. CX Institutional now owns 3,693 shares of the technology company's stock valued at $181,000 after acquiring an additional 296 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

FTV has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Fortive from $53.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 18th. Wells Fargo & Company decreased their target price on shares of Fortive from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. increased their target price on shares of Fortive from $57.00 to $63.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 11th. Royal Bank Of Canada increased their target price on shares of Fortive from $56.00 to $65.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded shares of Fortive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $60.17.

Insider Transactions at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction dated 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 transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.92% of the stock is owned by corporate insiders.

Fortive Price Performance

Shares of FTV opened at $59.38 on Thursday. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $74.67. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.22 and a beta of 1.09. The firm has a 50-day simple moving average of $57.17 and a 200-day simple moving average of $54.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, March 13th. Fortive's dividend payout ratio is currently 13.87%.

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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