Richard Bernstein Advisors LLC Trims Position in Fortive Corporation $FTV

Richard Bernstein Advisors LLC reduced its position in Fortive Corporation (NYSE:FTV) by 48.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,738 shares of the technology company’s stock after selling 27,644 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Fortive were worth $1,457,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Quent Capital LLC acquired a new stake in shares of Fortive during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC lifted its stake in shares of Fortive by 46.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the period. Geneos Wealth Management Inc. grew its holdings in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after buying an additional 357 shares during the period. J.Safra Asset Management Corp increased its position in Fortive by 71.1% during 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. Finally, Motco boosted its holdings in Fortive by 372.0% in the third quarter. Motco now owns 944 shares of the technology company’s stock valued at $46,000 after acquiring an additional 744 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FTV has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Mizuho reiterated an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. JPMorgan Chase & Co. boosted their price target on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fortive presently has a consensus rating of “Hold” and an average price target of $60.85.

Fortive Trading Down 1.0%

FTV stock opened at $55.80 on Wednesday. The firm has a market cap of $17.18 billion, a P/E ratio of 32.26, a P/E/G ratio of 3.04 and a beta of 1.10. The business’s 50 day moving average is $56.37 and its 200-day moving average is $52.79. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $76.54. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 annualized dividend and a yield of 0.4%. Fortive’s dividend payout ratio is presently 13.87%.

Insiders Place Their Bets

In other news, Director Kate Mitchell sold 7,131 shares of the business’s 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 completion of the transaction, the director owned 31,775 shares of the company’s stock, valued at $1,853,753.50. The trade was a 18.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.