Y.D. More Investments Ltd Takes Position in Fortive Corporation $FTV

Y.D. More Investments Ltd acquired a new position in shares of Fortive Corporation (NYSE:FTV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,105 shares of the technology company’s stock, valued at approximately $613,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in shares of Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after acquiring an additional 357 shares during the period. Quent Capital LLC purchased a new stake in shares of Fortive in the third quarter valued at about $28,000. Exchange Traded Concepts LLC increased its position in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the last quarter. J.Safra Asset Management Corp raised its stake in Fortive by 71.1% during the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after purchasing an additional 325 shares during the period. Finally, Dorato Capital Management purchased a new position in Fortive during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FTV. Mizuho reissued an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Barclays upped their price objective on Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Citigroup raised their target price on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Robert W. Baird set a $65.00 target price on Fortive in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, Fortive currently has an average rating of “Hold” and an average price target of $60.69.

Insiders Place Their Bets

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction dated Wednesday, February 18th. The stock was 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. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is currently owned by company insiders.

Fortive Price Performance

Shares of FTV opened at $56.74 on Tuesday. The company has a market cap of $17.47 billion, a P/E ratio of 32.80, a PEG ratio of 3.03 and a beta of 1.09. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $74.67. 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 firm’s 50 day moving average price is $56.49 and its 200 day moving average price is $53.72.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $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, research analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, March 13th. Fortive’s payout ratio is presently 13.87%.

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.