National Pension Service Sells 23,845 Shares of Fortive Corporation $FTV

Key Points

• National Pension Service cut its Fortive stake by 11.1% in the second quarter, selling 23,845 shares and retaining 190,688 shares valued at approximately $11.6 million. Institutional investors collectively own 94.94% of Fortive.
• Fortive reported quarterly EPS of $0.74, exceeding estimates by $0.03, while revenue rose 8% year over year to $1.10 billion. The company provided fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive increased its quarterly dividend to $0.07 per share, representing a 0.5% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $63.10.

National Pension Service reduced its stake in Fortive Corporation (NYSE:FTV - Free Report) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,688 shares of the technology company's stock after selling 23,845 shares during the period. National Pension Service owned 0.06% of Fortive worth $11,649,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTV. Eurizon Capital SGR S.p.A. bought a new position in Fortive in the fourth quarter worth approximately $20,387,000. WINTON GROUP Ltd bought a new stake in shares of Fortive during the fourth quarter valued at approximately $6,729,000. ABN Amro Investment Solutions acquired a new position in shares of Fortive during the fourth quarter worth approximately $1,229,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Fortive during the first quarter worth approximately $11,854,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Fortive by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 2,026,810 shares of the technology company's stock worth $112,066,000 after purchasing an additional 133,447 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction dated 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 in the company, valued at $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Fortive Stock Up 0.3%

FTV stock opened at $54.69 on Friday. The firm has a market capitalization of $16.52 billion, a PE ratio of 32.36, a P/E/G ratio of 2.27 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 twelve month low of $47.31 and a twelve month high of $64.56. The stock's 50 day moving average is $60.08 and its 200-day moving average is $59.35.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.Fortive's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Sell-side analysts expect that Fortive Corporation will post 3.02 EPS for the current fiscal year.

Fortive Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. This is a positive change from Fortive's previous quarterly dividend of $0.06. Fortive's dividend payout ratio (DPR) is currently 16.57%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Argus reissued a "buy" rating and issued a $68.00 price target on shares of Fortive in a research report on Wednesday, August 19th. Weiss Ratings lowered shares of Fortive from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Morgan Stanley lifted their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, June 3rd. Finally, Truist Financial reissued 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 equities 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 data from MarketBeat.com, Fortive currently has an average rating of "Hold" and a consensus price target 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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