Fortive Corporation $FTV Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Fortive Corporation (NYSE:FTV) by 96.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,712 shares of the technology company’s stock after buying an additional 164,175 shares during the period. Quantinno Capital Management LP’s holdings in Fortive were worth $18,503,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FTV. Dodge & Cox grew its stake in shares of Fortive by 3.7% in the fourth quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock worth $2,437,953,000 after acquiring an additional 1,562,028 shares in the last quarter. Viking Global Investors LP grew its position in shares of Fortive by 28.7% during the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock worth $1,003,495,000 after buying an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fortive by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock worth $1,106,760,000 after buying an additional 4,532,031 shares during the period. Norges Bank purchased a new stake in shares of Fortive during the fourth quarter worth approximately $491,928,000. Finally, Geode Capital Management LLC raised its holdings in Fortive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock valued at $483,327,000 after acquiring an additional 116,939 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Citigroup increased their price objective on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. 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 note on Friday, May 1st. Finally, Weiss Ratings lowered shares of Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued 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 $63.10.

Fortive Stock Up 0.1%

Shares of NYSE FTV opened at $59.30 on Monday. The business has a 50-day moving average price of $61.01 and a 200 day moving average price of $58.74. The stock has a market cap of $17.91 billion, a PE ratio of 35.09 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $64.56.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities research analysts forecast that Fortive Corporation will post 3.01 earnings per share for the current year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were given a dividend of $0.06 per share. 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 14.20%.

Fortive declared that its Board of Directors has approved a share buyback program on Monday, May 4th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board 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.