Champlain Investment Partners LLC Decreases Stock Holdings in Fortive Corporation $FTV

Champlain Investment Partners LLC trimmed its position in shares of Fortive Corporation (NYSE:FTV) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,623,840 shares of the technology company’s stock after selling 90,961 shares during the quarter. Champlain Investment Partners LLC’s holdings in Fortive were worth $79,552,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FTV. Focus Partners Advisor Solutions LLC purchased a new position in Fortive during the 3rd quarter valued at about $373,000. Okabena Investment Services Inc. purchased a new position in shares of Fortive during the third quarter valued at approximately $894,000. New Age Alpha Advisors LLC purchased a new position in shares of Fortive during the third quarter valued at approximately $188,000. APG Asset Management N.V. raised its holdings in shares of Fortive by 1.9% during the third quarter. APG Asset Management N.V. now owns 251,974 shares of the technology company’s stock valued at $12,344,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Clean Energy Transition LLP lifted its stake in Fortive by 3.9% in the third quarter. Clean Energy Transition LLP now owns 1,174,960 shares of the technology company’s stock worth $57,561,000 after acquiring an additional 43,945 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

FTV has been the topic of a number of research analyst reports. Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. 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. Wells Fargo & Company raised their price objective on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Robert W. Baird set a $65.00 price objective on Fortive in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.85.

Fortive Price Performance

FTV stock opened at $58.57 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The firm has a 50 day moving average price of $56.17 and a 200-day moving average price of $52.40. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $80.74. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.20 and a beta of 1.10.

Fortive (NYSE:FTV) last posted 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%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.06 dividend. 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 payout ratio is currently 13.87%.

Insiders Place Their Bets

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.