Fortive Corporation $FTV Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its holdings in shares of Fortive Corporation (NYSE:FTV) by 16.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,641 shares of the technology company’s stock after buying an additional 13,598 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Fortive were worth $5,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in shares of Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after acquiring an additional 357 shares during the period. Quent Capital LLC acquired a new position in Fortive during the third quarter valued at $28,000. J.Safra Asset Management Corp boosted its holdings in Fortive by 71.1% in the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock valued at $38,000 after purchasing an additional 325 shares during the last quarter. Dorato Capital Management purchased a new stake in Fortive in the fourth quarter valued at $45,000. Finally, Dunhill Financial LLC grew its position in Fortive by 8,300.0% during the 3rd quarter. Dunhill Financial LLC now owns 1,008 shares of the technology company’s stock worth $49,000 after purchasing an additional 996 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FTV. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday. JPMorgan Chase & Co. raised their target price on Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday. Citigroup lifted their price target on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley boosted their price target on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, Royal Bank Of Canada raised their price objective on shares of Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.54.

Insider Buying and Selling

In other news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares in the company, valued at $5,337,901.80. This trade represents a 35.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.65% of the company’s stock.

Fortive Trading Down 1.4%

FTV stock opened at $59.42 on Thursday. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $73.81. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The firm has a market cap of $18.11 billion, a P/E ratio of 35.58, a PEG ratio of 3.24 and a beta of 1.09. The company’s 50-day simple moving average is $57.97 and its 200-day simple moving average is $55.70.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.Fortive’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts forecast that Fortive Corporation will post 2.96 EPS for the current fiscal year.

Fortive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, March 13th. Fortive’s dividend payout ratio is presently 14.37%.

Fortive declared that its board has authorized a stock repurchase program on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Fortive Company 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.