AlphaQuest LLC Sells 16,682 Shares of Fortive Corporation $FTV

AlphaQuest LLC lowered its stake in Fortive Corporation (NYSE:FTV) by 66.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,390 shares of the technology company’s stock after selling 16,682 shares during the quarter. AlphaQuest LLC’s holdings in Fortive were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in Fortive by 815.4% during the second quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after buying an additional 424 shares during the last quarter. Quent Capital LLC bought a new stake in Fortive in the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC raised its holdings 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 acquiring an additional 236 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in shares of Fortive by 71.1% in the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock valued at $38,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $57.00 price target (up previously from $55.00) on shares of Fortive in a research note on Friday, January 16th. Wells Fargo & Company boosted their target price on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Citigroup lifted their price target on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Truist Financial reissued a “hold” rating and set a $58.00 price objective (up from $55.00) on shares of Fortive in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.85.

Fortive Price Performance

FTV stock opened at $60.15 on Friday. The stock has a market cap of $19.10 billion, a PE ratio of 34.77, a P/E/G ratio of 3.25 and a beta of 1.12. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $83.32. The company has a 50-day moving average price of $54.91 and a 200 day moving average price of $51.31. 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 announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

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.