Janus Henderson Group PLC Increases Stock Holdings in Fortive Corporation $FTV

Key Points

• Janus Henderson increased its Fortive stake by 51% in the first quarter, adding 24,683 shares to own 73,045 shares valued at approximately $4.04 million. Institutional investors collectively hold 94.94% of Fortive’s stock.
• Fortive reported quarterly EPS of $0.74, beating estimates of $0.71, while revenue reached $1.10 billion and increased 8% year over year. The company issued full-year 2026 EPS guidance of $2.95–$3.05.
• Analysts maintain a consensus “Hold” rating with an average price target of $63.10, compared with shares trading near $61.69. Fortive also authorized a buyback of up to 20 million shares and pays a quarterly dividend of $0.06 per share.

Janus Henderson Group PLC increased its stake in shares of Fortive Corporation (NYSE:FTV - Free Report) by 51.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 73,045 shares of the technology company's stock after purchasing an additional 24,683 shares during the quarter. Janus Henderson Group PLC's holdings in Fortive were worth $4,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FTV. Arkadios Wealth Advisors boosted its stake in Fortive by 2.1% during the first quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company's stock worth $500,000 after buying an additional 187 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Fortive by 36.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the technology company's stock worth $151,000 after acquiring an additional 730 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Fortive by 1.9% in the 1st quarter. Royal Bank of Canada now owns 344,084 shares of the technology company's stock worth $19,022,000 after acquiring an additional 6,393 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Fortive by 127.6% during the 1st quarter. Empowered Funds LLC now owns 19,873 shares of the technology company's stock worth $1,099,000 after purchasing an additional 11,140 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Fortive by 96.3% during the 1st quarter. Quantinno Capital Management LP now owns 334,712 shares of the technology company's stock valued at $18,503,000 after purchasing an additional 164,175 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FTV shares. JPMorgan Chase & Co. upped their target price on Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a research note on Tuesday, May 12th. Zacks Research cut Fortive from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Morgan Stanley upped their price objective on Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 3rd. Argus upgraded Fortive from a "hold" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Monday, May 11th. Finally, Truist Financial reiterated a "hold" rating and set a $68.00 target price (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Two research 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 MarketBeat.com, Fortive presently has a consensus rating of "Hold" and a consensus price target of $63.10.

Fortive Price Performance

Shares of FTV opened at $61.69 on Friday. The company has a 50 day moving average of $61.15 and a two-hundred day moving average of $58.91. 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 twelve month low of $46.34 and a twelve month high of $64.56. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 36.50 and a beta of 1.06.

Fortive (NYSE:FTV - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, analysts predict that Fortive Corporation will post 3.01 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were given 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 Monday, June 22nd. Fortive's dividend payout ratio (DPR) is currently 14.20%.

Fortive announced that its Board of Directors has approved a share repurchase program on Monday, May 4th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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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