M&T Bank Corp Increases Stock Position in Fortive Corporation $FTV

M&T Bank Corp raised its stake in shares of Fortive Corporation (NYSE:FTV) by 272.5% in the 4th quarter, Holdings Channel reports. The firm owned 79,916 shares of the technology company’s stock after acquiring an additional 58,463 shares during the period. M&T Bank Corp’s holdings in Fortive were worth $4,412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FTV. Quent Capital LLC purchased a new stake in shares of Fortive in the third quarter worth about $28,000. Exchange Traded Concepts LLC grew its holdings in Fortive by 46.7% during the 3rd 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 in the last quarter. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 357 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Fortive by 71.1% in the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after acquiring an additional 325 shares during the last quarter. Finally, Dorato Capital Management purchased a new stake in shares of Fortive during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

NYSE FTV opened at $61.09 on Monday. The company has a market cap of $18.81 billion, a P/E ratio of 35.31, a P/E/G ratio of 3.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The business’s 50 day moving average price is $57.39 and its 200-day moving average price is $54.79. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $74.67.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Sell-side analysts predict that Fortive Corporation will post 2.94 earnings per share for the current year.

Fortive Announces Dividend

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

Analysts Set New Price Targets

FTV has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Truist Financial decreased their price target on shares of Fortive from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. 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 report on Monday, February 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Finally, Mizuho restated an “underperform” rating and set a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.00.

Insider Activity

In related 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 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. The trade was a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.

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.