Fortive Corporation $FTV Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Fortive Corporation (NYSE:FTV) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,026,810 shares of the technology company’s stock after purchasing an additional 133,447 shares during the quarter. Hsbc Holdings PLC’s holdings in Fortive were worth $112,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dodge & Cox increased its stake in Fortive by 3.7% during the 4th quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock valued at $2,437,953,000 after buying an additional 1,562,028 shares during the period. Viking Global Investors LP raised its position in shares of Fortive by 28.7% during the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock worth $1,003,495,000 after buying an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Fortive by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock worth $1,106,760,000 after acquiring an additional 4,532,031 shares during the period. Norges Bank acquired a new stake in shares of Fortive in the 4th quarter worth approximately $491,928,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Fortive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock valued at $483,327,000 after acquiring an additional 116,939 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Up 0.0%

FTV stock opened at $61.05 on Monday. The firm has a market cap of $18.61 billion, a PE ratio of 36.56 and a beta of 1.06. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $71.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $60.21 and a 200 day simple moving average of $57.35.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts forecast that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 22nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, June 22nd. Fortive’s payout ratio is presently 14.37%.

Fortive declared that its Board of Directors has authorized a share buyback program on Monday, May 4th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FTV has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Truist Financial reissued a “hold” rating and issued a $61.00 price objective (up from $56.00) on shares of Fortive in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Finally, Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fortive currently has a consensus rating of “Hold” and a consensus price target of $61.62.

Insider Activity

In other news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at $5,337,901.80. The trade was 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 available at this link. 0.65% of the stock is owned by company insiders.

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.