Natixis Advisors LLC Increases Stock Position in Fortive Corporation $FTV

Natixis Advisors LLC raised its position in shares of Fortive Corporation (NYSE:FTV) by 76.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 389,367 shares of the technology company’s stock after buying an additional 168,917 shares during the quarter. Natixis Advisors LLC’s holdings in Fortive were worth $21,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dodge & Cox raised its position in shares of Fortive by 28.4% in the 3rd quarter. Dodge & Cox now owns 42,595,794 shares of the technology company’s stock worth $2,086,768,000 after purchasing an additional 9,422,189 shares during the last quarter. Viking Global Investors LP raised its position in shares of Fortive by 28.7% in the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock worth $1,003,495,000 after purchasing an additional 4,571,056 shares during the last quarter. Norges Bank purchased a new position in shares of Fortive in the 4th quarter worth about $491,928,000. Geode Capital Management LLC raised its position in shares of Fortive by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock worth $483,327,000 after purchasing an additional 116,939 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Fortive by 55.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company’s stock worth $426,699,000 after purchasing an additional 3,096,711 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president directly owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup boosted their target price on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their target price on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fortive in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.62.

Fortive Trading Down 0.3%

Fortive stock opened at $61.30 on Friday. The business has a 50-day simple moving average of $59.21 and a two-hundred day simple moving average of $56.71. The company has a market cap of $18.69 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.30 and a beta of 1.06. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $73.77.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts predict that Fortive Corporation will post 2.97 EPS for the current year.

Fortive announced that its Board of Directors has initiated a stock buyback program on Monday, May 4th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.