OMERS ADMINISTRATION Corp Takes $1.12 Million Position in Fortive Corporation $FTV

OMERS ADMINISTRATION Corp bought a new stake in shares of Fortive Corporation (NYSE:FTV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,352 shares of the technology company’s stock, valued at approximately $1,121,000.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its position in 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 period. Arkadios Wealth Advisors increased its holdings in shares of Fortive by 2.1% in the first quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock worth $500,000 after buying an additional 187 shares during the period. Rothschild Investment LLC lifted its stake in shares of Fortive by 20.5% in the 4th quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock valued at $61,000 after acquiring an additional 189 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Fortive by 2.3% in the 4th quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock valued at $482,000 after acquiring an additional 197 shares during the last quarter. Finally, Clearstead Trust LLC boosted its holdings in Fortive by 29.8% during the 4th quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after acquiring an additional 219 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares in the company, valued at $4,872,877.62. The trade was 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 through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FTV has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Morgan Stanley raised their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Argus reiterated a “buy” rating and set a $68.00 price target on shares of Fortive in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Fortive from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fortive currently has an average rating of “Hold” and an average target price of $63.10.

Fortive Stock Performance

Shares of FTV stock opened at $60.30 on Thursday. The stock has a fifty day moving average of $61.12 and a 200 day moving average of $59.47. Fortive Corporation has a 52 week low of $46.54 and a 52 week high of $64.56. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.47 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 released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, research analysts expect that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive declared that its Board of Directors has initiated a share repurchase plan on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Fortive Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Fortive’s previous quarterly dividend of $0.06. Fortive’s payout ratio is presently 14.20%.

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.