Fortive Corporation (FTV) To Go Ex-Dividend on March 13th

Fortive Corporation (NYSE:FTV) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 13th will be given a dividend of 0.06 per share by the technology company on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, March 13th.

Fortive has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $4.38 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.5%.

Fortive Trading Down 1.0%

FTV opened at $55.80 on Wednesday. The company has a market cap of $17.18 billion, a P/E ratio of 32.26, a PEG ratio of 3.04 and a beta of 1.10. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $56.37 and its 200-day moving average is $52.79. Fortive has a 1-year low of $46.34 and a 1-year high of $76.54.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. During the same quarter in the previous year, the business posted $1.17 earnings per share. The business’s quarterly 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. Equities research analysts predict that Fortive will post 4.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction 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 sale, the director owned 31,775 shares of the company’s stock, valued at $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fortive

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

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.