Sequoia Financial Advisors LLC Raises Stake in Fortive Corporation $FTV

Sequoia Financial Advisors LLC lifted its holdings in shares of Fortive Corporation (NYSE:FTV) by 137.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,026 shares of the technology company’s stock after purchasing an additional 14,482 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fortive were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC boosted its holdings in Fortive by 208.8% during the 3rd quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 22,271 shares during the period. Y Intercept Hong Kong Ltd raised its position in Fortive by 96.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 73,423 shares of the technology company’s stock valued at $3,597,000 after purchasing an additional 36,037 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Fortive during the 3rd quarter worth about $2,834,000. J. Safra Sarasin Holding AG acquired a new stake in shares of Fortive during the 3rd quarter worth about $1,333,000. Finally, Pacific Capital Partners Ltd acquired a new stake in shares of Fortive during the 4th quarter worth about $1,794,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Trading Down 0.1%

Shares of NYSE FTV opened at $60.26 on Wednesday. The stock has a market capitalization of $18.37 billion, a P/E ratio of 36.08, a PEG ratio of 3.24 and a beta of 1.09. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $74.67. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $57.95 and its two-hundred day moving average price is $55.63.

Fortive (NYSE:FTV) last announced 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 business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts anticipate that Fortive Corporation will post 2.96 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, March 13th. Fortive’s dividend payout ratio (DPR) is currently 14.37%.

Fortive declared that its Board of Directors has initiated 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FTV. Barclays raised their price target on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. Citigroup lifted their price objective on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on Fortive from $53.00 to $58.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Wells Fargo & Company upped their target price on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price target on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday. Three investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.54.

Fortive News Roundup

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Argus Research upgraded Fortive from hold to buy and set a $68 price target, signaling stronger analyst confidence in the company’s outlook. Fortive (NYSE:FTV) Upgraded to “Buy” at Argus
• Positive Sentiment: JPMorgan raised its price target on Fortive to $64, which may have helped reinforce investor optimism even though the firm kept an underweight rating. Benzinga report on JPMorgan price target increase
• Positive Sentiment: Fortive launched and priced a $1.1 billion senior notes offering to refinance or fund corporate needs, including $600 million due 2031 and $500 million due 2036. The deal shows access to capital, though investors may weigh the added leverage. Fortive Announces Pricing of Offering of Senior Notes
• Neutral Sentiment: Fluke, a Fortive business, introduced the FEV500 for testing fast DC EV chargers, which supports the company’s industrial technology portfolio but does not appear to be a major immediate stock catalyst. New Fluke FEV500 Redefines Testing for Fast DC Electric Vehicle Chargers
• Neutral Sentiment: Market commentary and buyback-related coverage highlighted Fortive among industrial names, but these items do not provide a clear company-specific earnings or guidance change. Industrial Buybacks article
• Negative Sentiment: The senior notes offering increases Fortive’s debt load, which could pressure the stock if investors become more focused on balance-sheet risk or higher interest expense. Fortive Announces Pricing of Offering of Senior Notes

Insider Activity at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, the director directly owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction on Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. This trade represents a 35.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by company insiders.

Fortive Company 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.