Moore Capital Management LP Invests $12.51 Million in Fortive Corporation $FTV

Moore Capital Management LP acquired a new stake in Fortive Corporation (NYSE:FTV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 226,644 shares of the technology company’s stock, valued at approximately $12,513,000.

Several other hedge funds have also recently bought and sold shares of FTV. Root Financial Partners LLC lifted its holdings in Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC lifted its holdings in Fortive by 20.5% in the fourth quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock worth $61,000 after purchasing an additional 189 shares during the period. Empowered Funds LLC lifted its holdings in Fortive by 2.3% in the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after purchasing an additional 197 shares during the period. Park Avenue Securities LLC lifted its holdings in Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock worth $464,000 after purchasing an additional 208 shares during the period. Finally, Clearstead Trust LLC lifted its holdings in Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock worth $53,000 after purchasing an additional 219 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

FTV stock opened at $60.73 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. Fortive Corporation has a one year low of $46.34 and a one year high of $71.85. The firm has a market capitalization of $18.51 billion, a PE ratio of 36.37 and a beta of 1.06. The firm has a 50-day moving average of $60.09 and a two-hundred day moving average of $57.24.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 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 analyst estimates of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts forecast that Fortive Corporation will post 2.97 earnings per share for the current year.

Fortive declared that its Board of Directors has initiated a share buyback program on Monday, May 4th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 22nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. Fortive’s dividend payout ratio is currently 14.37%.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This trade represents a 35.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FTV. Truist Financial reissued a “hold” rating and issued a $61.00 price target (up from $56.00) on shares of Fortive in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Wells Fargo & Company upped their price target on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Citigroup upped their price target on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Argus raised shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.62.

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.