GSA Capital Partners LLP Buys New Stake in Fortive Corporation $FTV

Key Points

• GSA Capital Partners bought 17,713 Fortive shares in the second quarter, valued at approximately $1.08 million. Institutional investors collectively own 94.94% of the company.
• Fortive exceeded quarterly expectations, reporting $0.74 in EPS versus a $0.71 consensus estimate and $1.10 billion in revenue, up 8% year over year. The company issued fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive authorized a 20 million-share repurchase program and maintains a $0.06 quarterly dividend, but analyst sentiment remains “Hold,” with an average price target of $63.10.

GSA Capital Partners LLP purchased a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,713 shares of the technology company's stock, valued at approximately $1,082,000.

Other hedge funds also recently added to or reduced their stakes in the company. DV Equities LLC purchased a new position in Fortive in the 4th quarter worth approximately $25,000. Root Financial Partners LLC grew its position in Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company's stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Fortive during the first quarter valued at approximately $31,000. Geneos Wealth Management Inc. lifted its position 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 in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in shares of Fortive by 59.2% during the first quarter. Dakota Community Bank & Trust NA now owns 702 shares of the technology company's stock worth $39,000 after purchasing an additional 261 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the transaction, the senior vice president owned 79,118 shares in the company, valued at $4,872,877.62. The trade was a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company's stock.

Fortive Stock Performance

FTV stock opened at $60.60 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The firm has a market cap of $18.30 billion, a P/E ratio of 35.86 and a beta of 1.06. Fortive Corporation has a 12-month low of $46.54 and a 12-month high of $64.56. The stock's 50 day simple moving average is $61.26 and its 200 day simple moving average is $59.25.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.10 billion during 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 revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts predict that Fortive Corporation will post 3.01 EPS for the current year.

Fortive declared that its board has initiated a share repurchase plan on Monday, May 4th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive's dividend payout ratio is 14.20%.

Analysts Set New Price Targets

FTV has been the topic of several analyst reports. Weiss Ratings raised shares of Fortive from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada upped their price objective on shares of Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. Morgan Stanley raised their target price on Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 3rd. Citigroup lifted their target price on Fortive from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, Argus raised Fortive from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $63.10.

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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