Plato Investment Management Ltd Purchases Shares of 25,415 Fortive Corporation $FTV

Key Points

• Plato Investment Management acquired 25,415 Fortive shares in the second quarter, valued at approximately $1.54 million. Institutional investors collectively own 94.94% of Fortive.
• Fortive exceeded quarterly expectations with earnings of $0.74 per share versus the $0.71 consensus estimate, while revenue rose 8% year over year to $1.10 billion. The company maintained fiscal 2026 EPS guidance of $2.95–$3.05.
• Analysts have a consensus “Hold” rating and an average price target of $63.10, compared with the stock’s reported price of $60.60. Fortive also authorized a 20 million-share buyback and pays a quarterly dividend of $0.06 per share.

Plato Investment Management Ltd acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,415 shares of the technology company's stock, valued at approximately $1,544,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTV. Eurizon Capital SGR S.p.A. acquired a new stake in Fortive during the fourth quarter valued at approximately $20,387,000. WINTON GROUP Ltd acquired a new position in shares of Fortive in the 4th quarter worth approximately $6,729,000. ABN Amro Investment Solutions bought a new position in shares of Fortive during the 4th quarter worth approximately $1,229,000. Hsbc Holdings PLC lifted its position in shares of Fortive by 7.0% during the 4th quarter. Hsbc Holdings PLC now owns 2,026,810 shares of the technology company's stock worth $112,066,000 after buying an additional 133,447 shares during the period. Finally, UBS Group AG boosted its stake in Fortive by 10.2% in the 4th quarter. UBS Group AG now owns 6,863,651 shares of the technology company's stock valued at $378,942,000 after buying an additional 632,759 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fortive 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 transaction of $533,492.58. Following the sale, the senior vice president owned 79,118 shares of the company's stock, valued at $4,872,877.62. This represents a 9.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTV has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on Fortive from $59.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Friday, May 1st. Zacks Research lowered shares of Fortive from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Fortive from $63.00 to $64.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 12th. Wells Fargo & Company lifted their price target on shares of Fortive from $58.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Finally, Morgan Stanley boosted their price target on shares of Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.10.

Fortive Trading Down 1.7%

FTV stock opened at $60.60 on Tuesday. The business has a fifty day moving average price of $61.26 and a 200 day moving average price of $59.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. Fortive Corporation has a fifty-two week low of $46.54 and a fifty-two week high of $64.56. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 35.86 and a beta of 1.06.

Fortive (NYSE:FTV - Get Free Report) last posted 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 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 business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Analysts expect that Fortive Corporation will post 3.01 EPS for the current fiscal year.

Fortive declared that its Board of Directors has initiated a share buyback program on Monday, May 4th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Fortive Dividend Announcement

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

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.

Want to see what other hedge funds are holding FTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortive Corporation (NYSE:FTV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source