Quantbot Technologies LP Invests $1.72 Million in Fortive Corporation $FTV

Quantbot Technologies LP acquired a new stake in Fortive Corporation (NYSE:FTV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,197 shares of the technology company’s stock, valued at approximately $1,724,000.

A number of other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of Fortive by 208.8% in the third quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock valued at $1,614,000 after buying an additional 22,271 shares during the period. Voya Investment Management LLC raised its position in Fortive by 14.0% in the third quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company’s stock worth $24,841,000 after acquiring an additional 62,127 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Fortive by 56.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company’s stock valued at $3,799,000 after acquiring an additional 27,908 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Fortive by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock valued at $2,054,644,000 after acquiring an additional 839,321 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Fortive by 49.8% during the 3rd quarter. Brookstone Capital Management now owns 76,393 shares of the technology company’s stock valued at $3,742,000 after purchasing an additional 25,397 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Performance

Shares of Fortive stock opened at $58.03 on Thursday. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $78.72. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.87 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.10. The business has a fifty day simple moving average of $56.28 and a 200-day simple moving average of $52.51.

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

Fortive Announces Dividend

The business also recently declared 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 is Friday, March 13th. Fortive’s dividend payout ratio (DPR) is currently 13.87%.

Insider Buying and Selling

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction that occurred 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 approximately $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on FTV shares. Citigroup boosted their target price on shares of Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fortive currently has a consensus rating of “Hold” and an average price target of $60.85.

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.