Fortive Corporation $FTV Shares Sold by Clean Energy Transition LLP

Clean Energy Transition LLP decreased its position in Fortive Corporation (NYSE:FTV) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,054,309 shares of the technology company’s stock after selling 120,651 shares during the quarter. Fortive comprises about 4.9% of Clean Energy Transition LLP’s holdings, making the stock its 6th largest position. Clean Energy Transition LLP’s holdings in Fortive were worth $58,208,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox raised its stake in Fortive by 3.7% in the 4th quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock valued at $2,437,953,000 after purchasing an additional 1,562,028 shares during the last quarter. Viking Global Investors LP increased its stake 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 valued at $1,003,495,000 after acquiring an additional 4,571,056 shares during the last quarter. Norges Bank acquired a new position in shares of Fortive during the 4th quarter valued at about $491,928,000. Geode Capital Management LLC increased its stake in shares of Fortive by 1.3% during the 4th 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 during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Fortive by 55.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company’s stock valued at $426,699,000 after acquiring an additional 3,096,711 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Stock Up 0.5%

Shares of NYSE:FTV opened at $60.15 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $71.85. The stock has a market capitalization of $18.34 billion, a P/E ratio of 36.02 and a beta of 1.06. The stock has a 50-day simple moving average of $59.82 and a 200-day simple moving average of $57.05.

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

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

Fortive Announces Dividend

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

Insider Activity

In other news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

FTV has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Truist Financial reaffirmed a “hold” rating and set a $61.00 price objective (up from $56.00) on shares of Fortive in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Finally, Zacks Research downgraded shares of Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.62.

Fortive 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.