Fortive Corporation $FTV Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Fortive Corporation (NYSE:FTV) by 26.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,619 shares of the technology company’s stock after selling 15,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fortive were worth $2,408,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. 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. Pacific Capital Partners Ltd purchased a new stake in shares of Fortive during the fourth quarter valued at $1,794,000. Aberdeen Group plc lifted its holdings in shares of Fortive by 12.0% during the fourth quarter. Aberdeen Group plc now owns 353,520 shares of the technology company’s stock valued at $19,518,000 after purchasing an additional 37,828 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Fortive by 116.7% during the fourth quarter. SG Americas Securities LLC now owns 174,386 shares of the technology company’s stock valued at $9,628,000 after purchasing an additional 93,896 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. lifted its holdings in shares of Fortive by 7.1% during the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 250,007 shares of the technology company’s stock valued at $12,248,000 after purchasing an additional 16,606 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Performance

Shares of FTV stock opened at $62.78 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $73.41. The stock’s 50-day moving average is $59.52 and its two-hundred day moving average is $56.91. The firm has a market cap of $19.14 billion, a P/E ratio of 37.59 and a beta of 1.06.

Fortive (NYSE:FTV) last issued its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts predict that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. Fortive’s dividend payout ratio is presently 14.37%.

Fortive declared that its Board of Directors has approved a share buyback plan on Monday, May 4th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial reaffirmed a “hold” rating and set a $61.00 target price (up from $56.00) on shares of Fortive in a report on Monday, May 4th. Zacks Research downgraded Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Citigroup upped their target price on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, May 11th. Finally, Wells Fargo & Company upped their target price on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.62.

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. This represents a 35.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.65% 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.