Swiss National Bank Reduces Position in Fortive Corporation $FTV

Swiss National Bank decreased its stake in shares of Fortive Corporation (NYSE:FTV) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,200 shares of the technology company’s stock after selling 52,900 shares during the quarter. Swiss National Bank’s holdings in Fortive were worth $47,873,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FTV. Exchange Traded Concepts LLC grew its holdings in shares of Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after buying an additional 236 shares during the last quarter. Blue Trust Inc. increased its position in shares of Fortive by 20.4% in the 3rd quarter. Blue Trust Inc. now owns 1,612 shares of the technology company’s stock valued at $79,000 after acquiring an additional 273 shares during the period. CX Institutional raised its stake in Fortive by 8.7% in the 3rd quarter. CX Institutional now owns 3,693 shares of the technology company’s stock worth $181,000 after acquiring an additional 296 shares during the last quarter. Locust Wood Capital Advisers LLC raised its stake in Fortive by 2.9% in the 2nd quarter. Locust Wood Capital Advisers LLC now owns 10,500 shares of the technology company’s stock worth $547,000 after acquiring an additional 300 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Fortive by 4.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,725 shares of the technology company’s stock worth $378,000 after acquiring an additional 306 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTV has been the topic of several research analyst reports. Barclays boosted their price target on Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Wells Fargo & Company lifted their target price on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Mizuho reiterated an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fortive presently has an average rating of “Hold” and an average price target of $60.85.

Insider Transactions at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, the director owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by insiders.

Fortive Stock Down 2.4%

Shares of FTV opened at $54.94 on Friday. The firm has a market cap of $16.91 billion, a P/E ratio of 31.76, a PEG ratio of 3.04 and a beta of 1.10. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $76.54. The stock’s 50 day moving average is $56.39 and its two-hundred day moving average is $52.83. 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 earnings results 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 return on equity of 11.98% and a net margin of 12.48%.During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts predict that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive’s dividend 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.