267,842 Shares in Fortive Corporation $FTV Purchased by Danske Bank A S

Danske Bank A S purchased a new position in Fortive Corporation (NYSE:FTV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 267,842 shares of the technology company’s stock, valued at approximately $16,362,000. Danske Bank A S owned about 0.09% of Fortive at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTV. Root Financial Partners LLC lifted its holdings in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after acquiring an additional 168 shares during the period. Arkadios Wealth Advisors increased its position in Fortive by 2.1% during the first quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock worth $500,000 after purchasing an additional 187 shares during the last quarter. Rothschild Investment LLC increased its position in Fortive by 20.5% during 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 last quarter. Empowered Funds LLC raised its stake in Fortive by 2.3% during 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. Finally, Clearstead Trust LLC raised its stake in Fortive by 29.8% during 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. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FTV shares. JPMorgan Chase & Co. boosted their price objective on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Citigroup increased 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. Truist Financial reissued a “hold” rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Argus restated a “buy” rating and issued a $68.00 price objective on shares of Fortive in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.10.

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the sale, the senior vice president owned 79,118 shares of the company’s stock, valued at $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Fortive Price Performance

FTV opened at $59.41 on Friday. Fortive Corporation has a 52-week low of $46.54 and a 52-week high of $64.56. The company has a 50 day moving average of $61.16 and a two-hundred day moving average of $59.39. The company has a market cap of $17.94 billion, a P/E ratio of 35.15 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 (NYSE:FTV) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, analysts expect that Fortive Corporation will post 3.01 earnings per share for the current year.

Fortive Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.5%. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 4th. Fortive’s dividend payout ratio is 14.20%.

Fortive declared that its board has approved a stock repurchase program on Monday, May 4th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is 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.