9,793 Shares in Fortive Corporation $FTV Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new position in shares of Fortive Corporation (NYSE:FTV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,793 shares of the technology company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTV. Root Financial Partners LLC boosted its position in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Arkadios Wealth Advisors raised its position in Fortive by 2.1% in the first quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock worth $500,000 after purchasing an additional 187 shares in the last quarter. Rothschild Investment LLC lifted its stake in 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 lifted its stake in 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. Finally, Clearstead Trust LLC boosted its holdings in Fortive by 29.8% during the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

Shares of Fortive stock opened at $58.86 on Tuesday. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 2.47 and a beta of 1.06. The firm’s 50-day moving average price is $61.01 and its two-hundred day moving average price is $59.44. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Fortive Corporation has a 1-year low of $46.54 and a 1-year high of $64.56.

Fortive (NYSE:FTV) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company 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%. Fortive’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, equities analysts predict that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive declared that its board has initiated a share buyback plan on Monday, May 4th that allows the company to repurchase 20,000,000 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 4th. This is a positive change from Fortive’s previous quarterly dividend of $0.06. Fortive’s dividend payout ratio is presently 14.20%.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares of the company’s stock, valued at approximately $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FTV shares. Wells Fargo & Company upped their price objective on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Weiss Ratings cut Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Truist Financial reiterated 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. Finally, Argus reiterated a “buy” rating and set a $68.00 price objective on shares of Fortive in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.