Van Den Berg Management I Inc. Grows Stake in Fortive Corporation $FTV

Van Den Berg Management I Inc. grew its stake in shares of Fortive Corporation (NYSE:FTV) by 22.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,238 shares of the technology company’s stock after acquiring an additional 11,799 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Fortive were worth $3,496,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. DV Equities LLC bought a new stake in Fortive during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. lifted 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 buying an additional 357 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after buying an additional 168 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of Fortive during the first quarter valued at approximately $31,000. Finally, Dorato Capital Management bought a new stake in shares of Fortive during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

Shares of FTV opened at $62.39 on Friday. The firm has a fifty day simple moving average of $60.82 and a two-hundred day simple moving average of $58.50. The firm has a market cap of $18.87 billion, a PE ratio of 37.36 and a beta of 1.06. 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 1-year low of $46.34 and a 1-year high of $64.33.

Fortive (NYSE:FTV) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities analysts anticipate that Fortive Corporation will post 2.98 EPS for the current year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is presently 14.37%.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FTV. Royal Bank Of Canada boosted their price objective on shares of Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Morgan Stanley increased their target price on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price target on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.00.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 87,780 shares in the company, valued at $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

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.