Nykredit A S Takes $7.14 Million Position in Fortive Corporation $FTV

Key Points

• Nykredit A/S purchased 116,965 Fortive shares worth approximately $7.14 million in the second quarter. Institutional investors now own 94.94% of Fortive’s outstanding stock, with several major firms also initiating or expanding positions.
• Fortive reported quarterly adjusted earnings of $0.74 per share and revenue of $1.10 billion, exceeding analyst estimates; revenue increased 8% year over year. Management guided to fiscal 2026 earnings of $2.95–$3.05 per share.
• Fortive raised its quarterly dividend from $0.06 to $0.07 per share, equivalent to a 0.5% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $63.10, versus the stock’s reported $55.08 price.

Nykredit A S purchased a new stake in shares of Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 116,965 shares of the technology company's stock, valued at approximately $7,145,000.

A number of other hedge funds have also bought and sold shares of FTV. BlackRock Inc. purchased a new position in Fortive in the second quarter valued at about $1,626,463,000. Flossbach Von Storch SE purchased a new stake in shares of Fortive during the 2nd quarter worth approximately $739,668,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Fortive in the 2nd quarter worth approximately $527,526,000. Norges Bank bought a new stake in shares of Fortive in the 4th quarter worth approximately $491,928,000. Finally, Geode Capital Management LLC lifted its stake in Fortive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company's stock valued at $483,327,000 after purchasing an additional 116,939 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Fortive Stock Up 0.1%

Shares of FTV opened at $55.08 on Tuesday. Fortive Corporation has a 1 year low of $47.31 and a 1 year high of $64.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $59.25 and a two-hundred day simple moving average of $59.23. The firm has a market cap of $16.64 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.28 and a beta of 1.05.

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

Fortive Increases Dividend

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

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

FTV has been the subject of several research reports. Morgan Stanley increased their price objective on Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, June 3rd. Weiss Ratings lowered Fortive from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Argus reaffirmed a "buy" rating and set a $68.00 price target on shares of Fortive in a research report on Wednesday, August 19th. Finally, Truist Financial reiterated a "hold" rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.10.

About Fortive

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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