Fortive Corporation $FTV Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its holdings in Fortive Corporation (NYSE:FTV) by 105.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 81,514 shares of the technology company’s stock after purchasing an additional 41,780 shares during the quarter. Wealthfront Advisers LLC’s holdings in Fortive were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FTV. Vanguard Group Inc. boosted its position in Fortive by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after acquiring an additional 839,321 shares during the period. Dodge & Cox increased its holdings in shares of Fortive by 51.5% during the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock valued at $1,729,340,000 after purchasing an additional 11,273,242 shares during the period. Viking Global Investors LP raised its stake in shares of Fortive by 22.9% during the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock valued at $829,525,000 after purchasing an additional 2,962,502 shares in the last quarter. State Street Corp lifted its holdings in Fortive by 0.7% in the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after purchasing an additional 92,222 shares during the period. Finally, Flossbach Von Storch SE lifted its holdings in Fortive by 1.6% in the second quarter. Flossbach Von Storch SE now owns 12,043,449 shares of the technology company’s stock worth $627,825,000 after purchasing an additional 189,027 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FTV has been the topic of several research analyst reports. Barclays raised their target price on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial reiterated a “hold” rating and set a $58.00 price objective (up previously from $55.00) on shares of Fortive in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Wells Fargo & Company increased their price target on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.85.

Fortive Trading Up 1.7%

Shares of NYSE:FTV opened at $56.96 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 3.02 and a beta of 1.12. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $83.32. The company has a 50 day moving average price of $55.46 and a 200 day moving average price of $51.57.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts anticipate that Fortive Corporation will post 4.05 EPS for the current fiscal year.

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.