Jupiter Topco LLC Makes New Investment in Fortive Corporation $FTV

Jupiter Topco LLC purchased a new stake in Fortive Corporation (NYSE:FTV) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 59,498 shares of the technology company’s stock, valued at approximately $3,635,000.

Several other institutional investors and hedge funds also recently modified their holdings of FTV. Hsbc Holdings PLC bought a new position in shares of Fortive during the second quarter worth about $60,884,000. EFG International AG bought a new stake in Fortive in the 2nd quarter valued at approximately $364,000. Ancora Advisors LLC acquired a new position in Fortive during the 2nd quarter worth approximately $11,522,000. PDT Partners LLC acquired a new position in Fortive during the 2nd quarter worth approximately $892,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Fortive during the 2nd quarter worth approximately $19,408,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Trading Down 3.5%

Shares of Fortive stock opened at $56.81 on Wednesday. The stock has a market cap of $17.16 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.44 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 12-month low of $46.54 and a 12-month high of $64.56. The business’s 50 day moving average is $60.94 and its 200-day moving average is $59.43.

Fortive (NYSE:FTV) last released its 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. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period last 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 predict that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, September 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. This is a boost from Fortive’s previous quarterly dividend of $0.06. Fortive’s dividend payout ratio (DPR) is presently 14.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FTV shares. Morgan Stanley boosted their price objective on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Argus reiterated a “buy” rating and issued a $68.00 price target on shares of Fortive in a research note on Wednesday, August 19th. Weiss Ratings cut shares of Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Finally, Truist Financial restated a “hold” rating and set a $68.00 price objective (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.10.

Insider Buying and Selling 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 shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the sale, the senior vice president directly owned 79,118 shares of the company’s stock, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by corporate insiders.

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.