Swiss National Bank Lowers Holdings in Fortive Corporation $FTV

Key Points

• Swiss National Bank trimmed its stake in Fortive by 5.1%, selling 52,900 shares to hold 977,200 shares (about 0.31% ownership) worth roughly $47.9 million at quarter-end.
• Analyst sentiment is mixed but centered on a “Hold” consensus with a $60.85 average price target, while several firms have recently raised their individual targets.
• Fortive beat quarterly EPS estimates ($0.90 vs. $0.83), set FY2026 guidance of $2.90–$3.00 EPS, and declared a $0.06 quarterly dividend (annualized yield ~0.4%).

Swiss National Bank decreased its position in shares of Fortive Corporation (NYSE:FTV - Free Report) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 977,200 shares of the technology company's stock after selling 52,900 shares during the quarter. Swiss National Bank owned approximately 0.31% of Fortive worth $47,873,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in Fortive by 208.8% during the 3rd quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company's stock valued at $1,614,000 after purchasing an additional 22,271 shares during the period. Voya Investment Management LLC lifted its position in shares of Fortive by 14.0% in the 3rd quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company's stock worth $24,841,000 after purchasing an additional 62,127 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Fortive by 56.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company's stock worth $3,799,000 after purchasing an additional 27,908 shares during the period. Vanguard Group Inc. boosted its stake in shares of Fortive by 2.2% during the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company's stock valued at $2,054,644,000 after purchasing an additional 839,321 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of Fortive by 49.8% during the third quarter. Brookstone Capital Management now owns 76,393 shares of the technology company's stock valued at $3,742,000 after purchasing an additional 25,397 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Fortive from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Fortive in a report on Monday, December 29th. Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Fortive from $57.00 to $63.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company lifted their target price on Fortive from $59.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fortive presently has an average rating of "Hold" and a consensus target price of $60.85.

Fortive Price Performance

NYSE FTV opened at $54.94 on Friday. The firm's fifty day simple moving average is $56.39 and its two-hundred day simple moving average is $52.83. The firm has a market capitalization of $16.91 billion, a P/E ratio of 31.76, a P/E/G ratio of 3.04 and a beta of 1.10. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $76.54.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.During the same quarter last year, the firm posted $1.17 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 13th. Fortive's dividend payout ratio (DPR) is currently 13.87%.

Insiders Place Their Bets

In other news, Director Kate Mitchell sold 7,131 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the sale, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company's stock.

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.

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