Regency Capital Management Inc. DE Buys Shares of 27,101 Fortive Corporation $FTV

Key Points

• Regency Capital Management Inc. DE acquired 27,101 shares of Fortive Corporation, valued at approximately $1.4 million, signaling institutional interest in the stock.
• Fortive Corporation reported a net margin of 13.62% in its recent earnings, though its quarterly earnings fell short of analysts' expectations.
• The company has also recently declared a quarterly dividend of $0.06 per share, yielding 0.5%, reflecting a conservative approach to shareholder returns.

Regency Capital Management Inc. DE purchased a new position in shares of Fortive Corporation (NYSE:FTV - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,101 shares of the technology company's stock, valued at approximately $1,413,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in Fortive by 11.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,793 shares of the technology company's stock worth $790,000 after acquiring an additional 1,076 shares during the period. Drake & Associates LLC increased its stake in Fortive by 28.7% in the first quarter. Drake & Associates LLC now owns 22,298 shares of the technology company's stock valued at $1,632,000 after purchasing an additional 4,978 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Fortive by 13.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,343 shares of the technology company's stock worth $3,757,000 after buying an additional 5,963 shares during the period. Brookstone Capital Management acquired a new stake in Fortive in the 1st quarter worth about $3,542,000. Finally, Perpetual Ltd boosted its stake in Fortive by 60.0% in the 1st quarter. Perpetual Ltd now owns 239,735 shares of the technology company's stock worth $17,544,000 after buying an additional 89,891 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Fortive Stock Performance

Shares of FTV stock opened at $50.06 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a market cap of $16.94 billion, a PE ratio of 22.55, a P/E/G ratio of 3.20 and a beta of 1.15. The company's fifty day simple moving average is $48.32 and its 200-day simple moving average is $59.64. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $83.32.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.02). Fortive had a return on equity of 11.96% and a net margin of 13.62%.The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period last year, the company posted $0.93 earnings per share. The firm's revenue for the quarter was down .4% on a year-over-year basis. Fortive has set its FY 2025 guidance at 2.500-2.600 EPS. As a group, equities research analysts anticipate that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 12th. Fortive's dividend payout ratio (DPR) is presently 10.81%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BNP Paribas reiterated a "neutral" rating on shares of Fortive in a report on Thursday, June 12th. JPMorgan Chase & Co. cut their price target on shares of Fortive from $87.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Zacks Research upgraded shares of Fortive from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Mizuho dropped their price objective on Fortive from $85.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Fortive in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Fortive currently has a consensus rating of "Hold" and an average target price of $62.79.

Fortive Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.

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