Public Employees Retirement System of Ohio Invests $5.73 Million in Fortive Corporation $FTV

Key Points

• Public Employees Retirement System of Ohio acquired 93,731 Fortive shares worth approximately $5.73 million in the second quarter. Institutional investors and hedge funds collectively own 94.94% of the company.
• Fortive reported quarterly earnings of $0.74 per share, exceeding estimates by $0.03, while revenue rose 8% year over year to $1.10 billion. The company maintained fiscal 2026 EPS guidance of $2.95–$3.05.
• Fortive increased its quarterly dividend from $0.06 to $0.07 per share, representing an annualized dividend of $0.28 and a 0.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $63.10.

Public Employees Retirement System of Ohio acquired a new stake in Fortive Corporation (NYSE:FTV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,731 shares of the technology company's stock, valued at approximately $5,726,000.

A number of other hedge funds have also recently bought and sold shares of FTV. Redwood Investment Management LLC bought a new stake in Fortive in the second quarter worth about $2,186,000. Corient Private Wealth LP bought a new position in shares of Fortive during the 2nd quarter valued at about $8,694,000. Bank of America Corp DE bought a new position in shares of Fortive during the 2nd quarter valued at about $87,260,000. Freestone Grove Partners LP acquired a new position in shares of Fortive in the 2nd quarter worth approximately $17,073,000. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of Fortive in the 2nd quarter worth approximately $60,660,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the business's stock in a transaction that occurred on 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 directly owned 79,118 shares of the company's stock, valued at $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company's stock.

Fortive Trading Down 0.3%

Shares of NYSE FTV opened at $56.65 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Fortive Corporation has a one year low of $46.65 and a one year high of $64.56. The business has a 50-day moving average price of $60.86 and a two-hundred day moving average price of $59.43. The firm has a market capitalization of $17.11 billion, a PE ratio of 33.52, a PEG ratio of 2.35 and a beta of 1.05.

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

Fortive Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.07 dividend. This is an increase from Fortive's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 4th. Fortive's dividend payout ratio is currently 14.20%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FTV. Morgan Stanley increased their target price on shares of Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 3rd. Truist Financial restated a "hold" rating and issued a $68.00 price target (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their price target on Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a report on Tuesday, May 12th. Argus reissued a "buy" rating and set a $68.00 price objective on shares of Fortive in a research note on Wednesday, August 19th. Finally, Weiss Ratings cut Fortive from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Fortive has a consensus rating of "Hold" and an average target price of $63.10.

Fortive 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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