NEOS Investment Management LLC Increases Stock Holdings in Fortive Corporation $FTV

NEOS Investment Management LLC lifted its position in shares of Fortive Corporation (NYSE:FTV) by 39.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,929 shares of the technology company’s stock after buying an additional 12,479 shares during the period. NEOS Investment Management LLC’s holdings in Fortive were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FTV. Brighton Jones LLC increased its holdings in Fortive by 97.1% in the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock valued at $428,000 after purchasing an additional 2,811 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after buying an additional 430 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after buying an additional 357 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Fortive by 53.5% in the second quarter. Allianz Asset Management GmbH now owns 30,434 shares of the technology company’s stock valued at $1,587,000 after buying an additional 10,610 shares in the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Fortive by 5.4% in the 2nd quarter. Brookstone Capital Management now owns 50,996 shares of the technology company’s stock valued at $2,658,000 after buying an additional 2,600 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FTV shares. Morgan Stanley lifted their target price on Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada boosted their price target on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Barclays boosted their target price on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.85.

Fortive Stock Up 0.6%

Shares of NYSE:FTV opened at $58.20 on Friday. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $81.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. The stock has a market cap of $18.49 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.12 and a beta of 1.12. The firm has a fifty day moving average price of $55.77 and a 200 day moving average price of $51.89.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s 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. Sell-side analysts predict that Fortive Corporation will post 4.05 EPS for the current year.

Insiders Place Their Bets

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the stock in a transaction that occurred 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 sale, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company’s stock.

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.