20,736 Shares in Fortive Corporation $FTV Acquired by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in shares of Fortive Corporation (NYSE:FTV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,736 shares of the technology company’s stock, valued at approximately $1,146,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Fortive by 97.1% in the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after purchasing an additional 2,811 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Fortive by 6.9% in the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock valued at $484,000 after acquiring an additional 430 shares during the period. Geneos Wealth Management Inc. grew its position in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Fortive by 87.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company’s stock valued at $118,000 after acquiring an additional 1,062 shares during the period. Finally, Cerity Partners LLC increased its holdings in Fortive by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 80,595 shares of the technology company’s stock valued at $4,201,000 after buying an additional 2,548 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Fortive Trading Up 0.6%

Shares of Fortive stock opened at $60.62 on Friday. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 36.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. The business has a fifty day simple moving average of $60.74 and a two-hundred day simple moving average of $58.48. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $64.33.

Fortive (NYSE:FTV) last announced its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share 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 company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts forecast that Fortive Corporation will post 2.98 EPS for the current year.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is currently 14.37%.

Fortive declared that its board has approved a stock repurchase plan on Monday, May 4th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Truist Financial lifted their price target on shares of Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Finally, Morgan Stanley lifted their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the sale, the senior vice president owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. This trade represents a 35.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by company insiders.

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.