Fortive Corporation $FTV Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its position in Fortive Corporation (NYSE:FTV) by 55.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 347,730 shares of the technology company’s stock after selling 431,100 shares during the quarter. Fortive makes up about 1.5% of Clarkston Capital Partners LLC’s portfolio, making the stock its 25th largest holding. Clarkston Capital Partners LLC’s holdings in Fortive were worth $19,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. DV Equities LLC acquired a new position in Fortive in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its stake in Fortive by 246.2% during the 1st 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. Root Financial Partners LLC grew its holdings in shares of 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 buying an additional 168 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Fortive during the first quarter worth $31,000. Finally, Dorato Capital Management acquired a new stake in shares of Fortive in the fourth quarter valued at about $45,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FTV. JPMorgan Chase & Co. raised 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Truist Financial raised their target price on shares of Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Citigroup increased 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. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of Fortive 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 sale, the senior vice president owned 87,780 shares in the company, valued at $5,337,901.80. The trade was a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

Fortive Trading Up 0.6%

Shares of FTV opened at $60.62 on Friday. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $64.33. The firm has a market capitalization of $18.33 billion, a P/E ratio of 36.30 and a beta of 1.06. The firm has a 50-day moving average price of $60.74 and a 200 day moving average price of $58.48. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43.

Fortive (NYSE:FTV) last posted its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The company 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%. Fortive’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Sell-side analysts forecast that Fortive Corporation will post 2.98 EPS for the current year.

Fortive Dividend Announcement

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

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

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.