Tredje AP fonden Increases Stock Holdings in Fortive Corporation $FTV

Tredje AP fonden boosted its position in shares of Fortive Corporation (NYSE:FTV) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,600 shares of the technology company’s stock after purchasing an additional 50,000 shares during the period. Tredje AP fonden owned approximately 0.07% of Fortive worth $11,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FTV. Vanguard Group Inc. increased its holdings in shares of Fortive by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after buying an additional 839,321 shares during the last quarter. Dodge & Cox grew its position in Fortive by 51.5% in the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after acquiring an additional 11,273,242 shares during the period. Viking Global Investors LP increased its stake in Fortive by 22.9% during the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock worth $829,525,000 after acquiring an additional 2,962,502 shares during the last quarter. State Street Corp increased its stake in Fortive by 0.7% during the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after acquiring an additional 92,222 shares during the last quarter. Finally, Flossbach Von Storch SE raised its position in Fortive by 1.6% in the second quarter. Flossbach Von Storch SE now owns 12,043,449 shares of the technology company’s stock valued at $627,825,000 after purchasing an additional 189,027 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Stock Up 0.6%

Shares of NYSE:FTV opened at $58.20 on Friday. The firm has a market capitalization of $18.49 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.14 and a beta of 1.12. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $81.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. The firm’s 50-day moving average is $55.77 and its two-hundred day moving average is $51.92.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts predict that Fortive Corporation will post 4.05 EPS for the current year.

Insider Activity at Fortive

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the transaction, the director owned 31,775 shares in the company, valued at $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FTV. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Morgan Stanley increased their target price on shares of Fortive from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Mizuho reiterated an “underperform” rating and set a $51.00 price target (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Robert W. Baird set a $65.00 price target on shares of Fortive in a research note on Thursday, February 5th. Finally, Truist Financial reaffirmed a “hold” rating and set a $58.00 price objective (up previously from $55.00) on shares of Fortive in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.85.

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.