Janney Montgomery Scott LLC Has $695,000 Holdings in Fortive Corporation $FTV

Janney Montgomery Scott LLC trimmed its holdings in shares of Fortive Corporation (NYSE:FTV) by 62.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,568 shares of the technology company’s stock after selling 21,344 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fortive were worth $695,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Root Financial Partners LLC boosted its holdings in Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC increased its holdings in shares of 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 period. Empowered Funds LLC increased its holdings in shares of 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. Park Avenue Securities LLC raised its position in shares of Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock valued at $464,000 after buying an additional 208 shares in the last quarter. Finally, Clearstead Trust LLC raised its position in shares of Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the transaction, the senior vice president owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Fortive Stock Performance

NYSE FTV opened at $60.66 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 36.32 and a beta of 1.06. The firm’s 50 day simple moving average is $60.61 and its 200 day simple moving average is $58.20. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $64.33.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, research analysts expect that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive announced that its board has authorized a stock repurchase plan on Monday, May 4th that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were paid a $0.06 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 14.37%.

Analysts Set New Price Targets

A number of research firms have commented on FTV. Citigroup raised their price objective on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Zacks Research downgraded Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their target price on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Argus upgraded Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.91.

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.