Russell Investments Group Ltd. Boosts Stock Position in Fortive Corporation $FTV

Russell Investments Group Ltd. lifted its stake in Fortive Corporation (NYSE:FTV) by 43.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,521 shares of the technology company’s stock after acquiring an additional 192,571 shares during the period. Russell Investments Group Ltd.’s holdings in Fortive were worth $31,244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTV. Dodge & Cox boosted its stake in Fortive by 51.5% in the 2nd quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after purchasing an additional 11,273,242 shares during the period. Norges Bank purchased a new position in Fortive during the 2nd quarter valued at about $357,602,000. Viking Global Investors LP lifted its holdings in shares of Fortive by 22.9% in the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock worth $829,525,000 after buying an additional 2,962,502 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Fortive by 132.8% in the third quarter. Pacer Advisors Inc. now owns 3,222,299 shares of the technology company’s stock worth $157,860,000 after buying an additional 1,838,120 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Fortive by 24.6% in the second quarter. Invesco Ltd. now owns 7,010,216 shares of the technology company’s stock valued at $365,443,000 after acquiring an additional 1,383,254 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fortive news, Director Kate Mitchell sold 7,131 shares of Fortive 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 transaction, the director directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by company insiders.

Fortive Stock Performance

Fortive stock opened at $54.94 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. The company has a market capitalization of $16.91 billion, a PE ratio of 31.76, a P/E/G ratio of 3.04 and a beta of 1.10. The firm has a fifty day simple moving average of $56.39 and a two-hundred day simple moving average of $52.83. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $76.54.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share (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’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts expect that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive’s dividend payout ratio (DPR) is presently 13.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on FTV. JPMorgan Chase & Co. upped their target price on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. Barclays raised their price target on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their price target on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company increased their price objective on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.85.

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.