Intech Investment Management LLC Purchases 27,601 Shares of Fortive Corporation $FTV

Intech Investment Management LLC grew its position in Fortive Corporation (NYSE:FTV) by 325.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,093 shares of the technology company’s stock after acquiring an additional 27,601 shares during the quarter. Intech Investment Management LLC’s holdings in Fortive were worth $1,768,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Fortive by 2.2% in the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock valued at $2,054,644,000 after purchasing an additional 839,321 shares in the last quarter. Dodge & Cox increased its holdings in Fortive by 51.5% in the 2nd quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock valued at $1,729,340,000 after buying an additional 11,273,242 shares during the period. Viking Global Investors LP raised its stake in shares of Fortive by 22.9% in the 2nd quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock valued at $829,525,000 after buying an additional 2,962,502 shares in the last quarter. State Street Corp lifted its holdings in shares of Fortive by 0.7% during the 2nd quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after acquiring an additional 92,222 shares during the period. Finally, Flossbach Von Storch SE boosted its position in shares of Fortive by 1.6% during the 2nd quarter. Flossbach Von Storch SE now owns 12,043,449 shares of the technology company’s stock valued at $627,825,000 after acquiring an additional 189,027 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In related news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the transaction, the director owned 31,775 shares in the company, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on FTV shares. JPMorgan Chase & Co. increased 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. Robert W. Baird set a $65.00 price objective on Fortive in a research note on Thursday, February 5th. Royal Bank Of Canada increased their target price on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Citigroup raised their target price on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.85.

Fortive Stock Performance

NYSE:FTV opened at $57.99 on Friday. The stock has a market capitalization of $17.85 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 3.13 and a beta of 1.10. 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 Corporation has a 1 year low of $46.34 and a 1 year high of $77.79. The firm has a 50 day moving average of $56.34 and a 200-day moving average of $52.55.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping 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%.During the same quarter last year, the firm posted $1.17 EPS. The business’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. As a group, sell-side analysts anticipate that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, March 13th. Fortive’s payout ratio is currently 13.87%.

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.