Nykredit A S Takes $7.45 Million Position in Fortive Corporation $FTV

Nykredit A S acquired a new stake in Fortive Corporation (NYSE:FTV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 122,009 shares of the technology company’s stock, valued at approximately $7,454,000.

Several other hedge funds have also added to or reduced their stakes in the business. DV Equities LLC acquired a new position in Fortive in the 4th quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fortive during the second quarter worth $30,000. Virtus Advisers LLC bought a new stake in shares of Fortive in the second quarter worth $30,000. Geneos Wealth Management Inc. grew its stake in shares of Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in Fortive by 43.6% in the fourth 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. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FTV shares. Weiss Ratings lowered Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. upped their price target on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Morgan Stanley increased their price target on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Truist Financial reaffirmed a “hold” rating and issued a $68.00 price objective (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Finally, Argus reiterated a “buy” rating and issued a $68.00 target price on shares of Fortive in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.10.

Insider Activity

In other news, SVP Peter C. Underwood sold 8,662 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.65% of the company’s stock.

Fortive Stock Performance

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 1-year low of $47.01 and a 1-year high of $64.56. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The firm has a market cap of $17.21 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.36 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.90 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts expect that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive Increases Dividend

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

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.