Fortive Corporation $FTV Shares Sold by Amundi

Key Points

• Amundi reduced its Fortive stake by 30.8% in the second quarter, selling 678,144 shares and retaining 1.53 million shares valued at approximately $93.3 million. Institutional investors collectively own 94.94% of Fortive.
• Fortive exceeded quarterly earnings expectations, reporting $0.74 in earnings per share and $1.10 billion in revenue, while issuing fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive raised its quarterly dividend to $0.07 per share, equivalent to a 0.5% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $63.10.

Amundi lessened its position in shares of Fortive Corporation (NYSE:FTV - Free Report) by 30.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,526,533 shares of the technology company's stock after selling 678,144 shares during the period. Amundi owned about 0.51% of Fortive worth $93,256,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. DV Equities LLC acquired a new position in Fortive during the 4th quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. bought a new stake in Fortive in the second quarter valued at $30,000. Virtus Advisers LLC acquired a new position in shares of Fortive during the second quarter valued at $30,000. Geneos Wealth Management Inc. boosted 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 valued at $37,000 after acquiring an additional 357 shares during the period. Finally, Root Financial Partners LLC grew its position 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 acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Fortive Stock Performance

Shares of NYSE FTV opened at $55.85 on Thursday. The stock's fifty day simple moving average is $60.40 and its 200 day simple moving average is $59.41. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.34 and a beta of 1.05. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. Fortive Corporation has a 52-week low of $47.31 and a 52-week high of $64.56.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results 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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, sell-side analysts forecast that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. This is a boost from Fortive's previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. Fortive's dividend payout ratio is presently 16.57%.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 8,662 shares of Fortive stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial reissued a "hold" rating and set a $68.00 target price (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Weiss Ratings cut Fortive from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, August 27th. Argus reiterated a "buy" rating and set a $68.00 price objective on shares of Fortive in a research report on Wednesday, August 19th. Finally, Morgan Stanley increased their price objective on 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 assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $63.10.

Fortive Company Profile

Fortive Corporation NYSE: FTV is a diversified industrial technology company that develops and provides essential products, software and services for customers in healthcare, manufacturing, utilities, commercial facilities and other professional markets. Its businesses focus on improving workplace productivity, safety, compliance, asset performance and operational efficiency.

Fortive's portfolio has included brands such as Fluke, Tektronix, Industrial Scientific, Accruent, Gordian, Provation and ASP.

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