Van Den Berg Management I Inc. Purchases 17,170 Shares of Fortive Corporation $FTV

Van Den Berg Management I Inc. boosted its position in shares of Fortive Corporation (NYSE:FTV) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,408 shares of the technology company’s stock after acquiring an additional 17,170 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Fortive were worth $4,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mufg Securities Americas Inc. boosted its position in Fortive by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 9,182 shares of the technology company’s stock worth $561,000 after purchasing an additional 510 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Fortive by 39.4% during the 2nd quarter. Hsbc Holdings PLC now owns 996,271 shares of the technology company’s stock valued at $60,884,000 after purchasing an additional 281,418 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Fortive by 7.4% in the 2nd quarter. Wellington Management Group LLP now owns 30,631 shares of the technology company’s stock worth $1,871,000 after purchasing an additional 2,104 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Fortive in the 2nd quarter worth approximately $2,955,000. Finally, North Star Asset Management Inc. purchased a new position in shares of Fortive in the second quarter worth approximately $357,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, SVP Peter C. Underwood sold 8,662 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the sale, the senior vice president directly owned 79,118 shares in the company, valued at $4,872,877.62. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by company insiders.

Fortive Stock Down 0.5%

FTV stock opened at $59.64 on Friday. The business’s 50-day moving average price is $61.07 and its 200-day moving average price is $59.47. The stock has a market cap of $18.01 billion, a P/E ratio of 35.29, 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 Corporation has a twelve month low of $46.54 and a twelve month high of $64.56.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, equities research analysts forecast that Fortive Corporation will post 3.02 EPS for the current year.

Fortive announced that its Board of Directors has initiated a share buyback program on Monday, May 4th that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

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 $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 4th. Fortive’s dividend payout ratio is currently 14.20%.

Analyst Upgrades and Downgrades

FTV has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Argus reiterated a “buy” rating and set a $68.00 price target on shares of Fortive in a research note on Wednesday, August 19th. Truist Financial reissued a “hold” rating and set a $68.00 price objective (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings lowered Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.10.

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.