Skandinaviska Enskilda Banken AB publ Acquires New Holdings in Fortive Corporation $FTV

Skandinaviska Enskilda Banken AB publ bought a new stake in Fortive Corporation (NYSE:FTV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,300 shares of the technology company’s stock, valued at approximately $1,043,000.

A number of other large investors have also added to or reduced their stakes in FTV. True Wealth Design LLC boosted its holdings in shares of Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after buying an additional 424 shares in the last quarter. Quent Capital LLC bought a new position in shares of Fortive during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC lifted its position in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after acquiring an additional 236 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in Fortive by 71.1% in the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after purchasing an additional 325 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho reiterated an “underperform” rating and set a $51.00 price objective (down previously from $54.00) on shares of Fortive in a report on Monday, January 5th. Morgan Stanley increased their price target on Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Barclays raised their price target on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. Wells Fargo & Company upped their price objective on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.85.

Fortive Trading Up 0.6%

Shares of NYSE:FTV opened at $58.20 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $81.86. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.14 and a beta of 1.12. The business has a 50-day moving average price of $55.77 and a 200-day moving average price of $51.92.

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

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, the director owned 31,775 shares in the company, valued at $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by 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.