First Nebraska Trust Co Buys Shares of 43,985 Fortive Corporation $FTV

First Nebraska Trust Co purchased a new stake in Fortive Corporation (NYSE:FTV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,985 shares of the technology company’s stock, valued at approximately $2,687,000.

Other hedge funds have also modified their holdings of the company. Bank of Nova Scotia acquired a new stake in shares of Fortive during the 2nd quarter worth about $13,162,000. Daiichi Life Insurance Co. Ltd. acquired a new position in Fortive in the second quarter valued at about $446,000. Commerce Bank acquired a new position in Fortive in the second quarter valued at about $2,268,000. Weitz Investment Management Inc. purchased a new position in Fortive during the second quarter worth about $1,329,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Fortive during the second quarter worth about $398,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Peter C. Underwood sold 8,662 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the sale, the senior vice president directly owned 79,118 shares of the company’s stock, valued at $4,872,877.62. This represents a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.65% of the stock is currently owned by insiders.

Fortive Stock Performance

Shares of Fortive stock opened at $60.14 on Friday. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The business has a 50-day moving average of $61.16 and a 200 day moving average of $59.39. Fortive Corporation has a 12 month low of $46.54 and a 12 month high of $64.56.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, sell-side analysts forecast that Fortive Corporation will post 3.02 earnings per share for the current year.

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

Fortive Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. Fortive’s dividend payout ratio (DPR) is presently 14.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FTV shares. Wells Fargo & Company lifted their price target on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their price objective on shares of Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Argus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Fortive in a research report on Wednesday. Citigroup lifted their target price on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised Fortive from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Fortive presently has a consensus rating of “Hold” and an average price target of $63.10.

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.