JPMorgan Chase & Co. Has $47.07 Million Stock Position in Fortive Corporation $FTV

JPMorgan Chase & Co. lowered its position in shares of Fortive Corporation (NYSE:FTV) by 48.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 960,729 shares of the technology company’s stock after selling 909,015 shares during the quarter. JPMorgan Chase & Co. owned 0.30% of Fortive worth $47,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in Fortive by 815.4% during the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after purchasing an additional 424 shares during the period. Quent Capital LLC purchased a new position in shares of Fortive during the third quarter valued at $28,000. Exchange Traded Concepts LLC raised its position in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after buying an additional 236 shares during the period. Geneos Wealth Management Inc. lifted its stake in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after acquiring an additional 357 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its position in Fortive by 71.1% during the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Price Performance

Shares of NYSE:FTV opened at $59.78 on Friday. The stock has a market capitalization of $18.99 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.14 and a beta of 1.12. The business has a 50-day moving average of $56.03 and a two-hundred day moving average of $52.19. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $80.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58.

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

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, March 13th. Fortive’s dividend payout ratio is currently 13.87%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial reiterated a “hold” rating and issued a $58.00 target price (up from $55.00) on shares of Fortive in a report on Thursday, October 30th. Mizuho reiterated an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Royal Bank Of Canada lifted their target price on shares of Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Barclays boosted their price target on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Finally, Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.85.

Insider Transactions at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of Fortive 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 transaction, the director owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.92% of the company’s stock.

Fortive 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.