Korea Investment CORP Boosts Stock Position in Fortive Corporation $FTV

Key Points

• Korea Investment CORP raised its Fortive stake 19.4% in Q3 to 287,828 shares (about $14.10M), representing roughly 0.09% of the company.
• Fortive beat Q results with $0.90 EPS vs. $0.83 expected and revenue up 4.7% YoY, and set FY2026 guidance of EPS 2.90–3.00.
• Analyst sentiment is mixed: the consensus is a Hold with a $60.85 target, though some firms raised targets to $63 and Zacks upgraded to Strong Buy.

Korea Investment CORP increased its position in shares of Fortive Corporation (NYSE:FTV - Free Report) by 19.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,828 shares of the technology company's stock after purchasing an additional 46,711 shares during the quarter. Korea Investment CORP owned 0.09% of Fortive worth $14,101,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in Fortive during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC increased its stake in shares of Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company's stock worth $36,000 after acquiring an additional 236 shares during the period. Geneos Wealth Management Inc. raised 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 worth $37,000 after purchasing an additional 357 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Fortive by 71.1% during the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company's stock valued at $38,000 after purchasing an additional 325 shares during the period. Finally, Motco boosted its holdings in Fortive by 372.0% in the third quarter. Motco now owns 944 shares of the technology company's stock valued at $46,000 after purchasing an additional 744 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

FTV has been the subject of a number of recent research reports. Barclays lifted their price objective on Fortive from $56.00 to $63.00 and gave the company an "equal weight" rating in a research note on Monday, February 9th. Zacks Research upgraded Fortive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Fortive in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price objective on Fortive from $57.00 to $63.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $60.85.

Fortive Trading Up 0.9%

Shares of Fortive stock opened at $56.31 on Thursday. The firm has a 50-day simple moving average of $56.40 and a two-hundred day simple moving average of $52.81. 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 Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $76.54. The company has a market cap of $17.34 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 3.02 and a beta of 1.10.

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. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, March 13th. Fortive's dividend payout ratio is presently 13.87%.

Insider Buying and Selling at Fortive

In other 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 transaction, the director owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by insiders.

About Fortive

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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