44,380 Shares in Fortive Corporation $FTV Bought by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in Fortive Corporation (NYSE:FTV) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 44,380 shares of the technology company’s stock, valued at approximately $2,453,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTV. DV Equities LLC bought a new stake in shares of Fortive in the 4th quarter valued at about $25,000. Root Financial Partners LLC grew its holdings in Fortive by 43.6% during the fourth 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. Main Street Group LTD bought a new position in Fortive during the first quarter worth about $31,000. Geneos Wealth Management Inc. increased its position in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after buying an additional 357 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in Fortive in the fourth quarter valued at approximately $45,000. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

Shares of NYSE:FTV opened at $59.30 on Friday. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $64.56. The company’s 50 day moving average price is $61.01 and its two-hundred day moving average price is $58.72. The firm has a market cap of $17.91 billion, a PE ratio of 35.09 and a beta of 1.06. The company has a quick ratio of 0.57, a current ratio of 1.24 and a debt-to-equity ratio of 0.58.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities research analysts predict that Fortive Corporation will post 3.01 earnings per share for the current year.

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

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio is 14.37%.

Insider Activity

In related news, SVP Peter C. Underwood sold 47,557 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. This trade represents a 35.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial reiterated a “hold” rating and set a $68.00 target price (up from $67.00) on shares of Fortive in a research note on Thursday. Argus upgraded Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, May 11th. Citigroup raised their price target on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Zacks Research downgraded shares of Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley increased their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.10.

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.