Fortive Corporation $FTV Holdings Increased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lifted its stake in shares of Fortive Corporation (NYSE:FTV) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,369 shares of the technology company’s stock after acquiring an additional 52,800 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Fortive were worth $13,453,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its position in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC boosted its stake in Fortive by 20.5% during 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 grew its holdings in Fortive by 2.3% during the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after acquiring an additional 197 shares during the period. Park Avenue Securities LLC grew its holdings in Fortive by 2.5% during the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock worth $464,000 after acquiring an additional 208 shares during the period. Finally, Clearstead Trust LLC raised its position in Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock worth $53,000 after acquiring an additional 219 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FTV shares. JPMorgan Chase & Co. raised their price objective on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Royal Bank Of Canada increased their target price 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. Citigroup raised their target price on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Truist Financial lifted their price target on shares of Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fortive currently has a consensus rating of “Hold” and an average price target of $63.00.

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president owned 87,780 shares in the company, valued at $5,337,901.80. This trade represents a 35.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Fortive Price Performance

NYSE FTV opened at $62.39 on Friday. The stock has a market capitalization of $18.87 billion, a PE ratio of 37.36 and a beta of 1.06. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $64.33. The company has a 50 day moving average price of $60.82 and a two-hundred day moving average price of $58.50. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43.

Fortive (NYSE:FTV) last announced 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. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that Fortive Corporation will post 2.98 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were paid a $0.06 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s dividend payout ratio is currently 14.37%.

Fortive announced that its board has approved a stock buyback plan on Monday, May 4th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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.