Munich Reinsurance Co Stock Corp in Munich Decreases Holdings in Fortive Corporation $FTV

Munich Reinsurance Co Stock Corp in Munich decreased its holdings in Fortive Corporation (NYSE:FTV) by 57.2% in the second quarter, Holdings Channel reports. The fund owned 129,261 shares of the technology company’s stock after selling 172,978 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Fortive were worth $7,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Fortive during the second quarter worth approximately $1,626,463,000. Flossbach Von Storch SE bought a new stake in shares of Fortive in the 2nd quarter valued at approximately $739,668,000. Norges Bank purchased a new position in shares of Fortive in the 4th quarter worth approximately $491,928,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Fortive in the 2nd quarter worth approximately $527,526,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Fortive by 102,687.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company’s stock valued at $413,361,000 after purchasing an additional 7,479,776 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

Shares of FTV stock opened at $56.97 on Friday. The stock has a 50 day moving average price of $60.69 and a 200 day moving average price of $59.42. Fortive Corporation has a 52-week low of $47.01 and a 52-week high of $64.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.24. The firm has a market capitalization of $17.21 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.39 and a beta of 1.05.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.90 EPS. Fortive’s quarterly revenue was up 8.0% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, sell-side analysts predict that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.07 dividend. The ex-dividend date is Friday, September 4th. This is a boost from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. Fortive’s dividend payout ratio (DPR) is currently 14.20%.

Wall Street Analyst Weigh In

FTV has been the topic of several recent research reports. Morgan Stanley increased their price target on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Argus reiterated a “buy” rating and set a $68.00 price objective on shares of Fortive in a research report on Wednesday, August 19th. Weiss Ratings downgraded shares of Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Truist Financial restated a “hold” rating and issued a $68.00 target price (up from $67.00) on shares of Fortive in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. Two research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.10.

Insider Activity at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares of the company’s stock, valued at $4,872,877.62. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.