Fortive Corporation $FTV Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its position in shares of Fortive Corporation (NYSE:FTV) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,786 shares of the technology company’s stock after acquiring an additional 16,033 shares during the quarter. Corient Private Wealth LLC’s holdings in Fortive were worth $5,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FTV. Root Financial Partners LLC raised its holdings in Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC increased its position in shares of Fortive by 20.5% in the fourth quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock valued at $61,000 after buying an additional 189 shares in the last quarter. Empowered Funds LLC increased its position in shares of Fortive by 2.3% in the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock valued at $482,000 after buying an additional 197 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Fortive by 2.5% during the 4th quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock worth $464,000 after buying an additional 208 shares during the period. Finally, Clearstead Trust LLC lifted its position in shares of Fortive by 29.8% during the 4th quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FTV. Wells Fargo & Company increased their price objective on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Fortive in a research report on Friday, May 22nd. Royal Bank Of Canada raised their price target on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, Zacks Research cut Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.62.

Fortive Trading Up 2.1%

Shares of Fortive stock opened at $61.67 on Friday. The stock has a market cap of $18.80 billion, a P/E ratio of 36.93 and a beta of 1.06. The stock’s 50 day simple moving average is $60.33 and its 200-day simple moving average is $57.57. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $71.85. 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 (NYSE:FTV) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, beating 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 firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts predict that Fortive Corporation will post 2.97 EPS 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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 22nd. Fortive’s payout ratio is presently 14.37%.

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

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the completion of the sale, the senior vice president owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This represents a 35.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by company insiders.

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.