Pacific Capital Partners Ltd Purchases New Position in Fortive Corporation $FTV

Pacific Capital Partners Ltd acquired a new position in shares of Fortive Corporation (NYSE:FTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,500 shares of the technology company’s stock, valued at approximately $1,794,000. Fortive makes up approximately 1.9% of Pacific Capital Partners Ltd’s investment portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. grew its holdings in Fortive by 1.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 129,509 shares of the technology company’s stock worth $7,150,000 after buying an additional 2,423 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Fortive by 3.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 78,045 shares of the technology company’s stock valued at $4,309,000 after buying an additional 2,812 shares during the last quarter. Defender Capital LLC. bought a new position in Fortive during the 4th quarter valued at $8,466,000. E. Ohman J or Asset Management AB purchased a new position in Fortive during the 4th quarter worth $639,000. Finally, Avanza Fonder AB bought a new stake in shares of Fortive in the 4th quarter worth $759,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the transaction, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This 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 accessible through this link. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FTV. JPMorgan Chase & Co. increased their target price on shares of Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their price objective on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Barclays increased their price objective on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Finally, Mizuho restated an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fortive has a consensus rating of “Hold” and a consensus target price of $61.23.

Fortive Price Performance

FTV opened at $53.58 on Tuesday. The firm has a market cap of $16.49 billion, a P/E ratio of 30.97, a PEG ratio of 2.91 and a beta of 1.10. The firm has a 50-day moving average of $56.32 and a 200 day moving average of $53.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $74.67.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts expect that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.06 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.24 annualized dividend and a yield of 0.4%. Fortive’s dividend payout ratio is presently 13.87%.

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.