Fortive Corporation $FTV Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of Fortive Corporation (NYSE:FTV) by 19.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,515,165 shares of the technology company’s stock after selling 372,562 shares during the period. Nordea Investment Management AB’s holdings in Fortive were worth $84,122,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Dodge & Cox grew its position in Fortive by 51.5% in the 2nd quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after purchasing an additional 11,273,242 shares during the last quarter. Norges Bank acquired a new stake in shares of Fortive in the second quarter valued at approximately $357,602,000. Viking Global Investors LP raised its holdings in shares of Fortive by 28.7% during the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after buying an additional 4,571,056 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Fortive by 55.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company’s stock valued at $426,699,000 after buying an additional 3,096,711 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fortive by 205.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,719,200 shares of the technology company’s stock worth $182,204,000 after buying an additional 2,502,300 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by insiders.

Fortive Price Performance

Shares of NYSE:FTV opened at $55.36 on Tuesday. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $76.54. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.98 and a beta of 1.10. The stock’s 50 day moving average price is $56.39 and its 200 day moving average price is $53.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.17 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 annualized dividend and a yield of 0.4%. Fortive’s dividend payout ratio (DPR) is currently 13.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on FTV shares. Robert W. Baird set a $65.00 target price on Fortive in a research report on Thursday, February 5th. Royal Bank Of Canada boosted their price target on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Morgan Stanley raised their price target on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortive currently has an average rating of “Hold” and an average price target of $61.23.

Fortive Company 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.