Flossbach Von Storch SE Buys Shares of 12,107,839 Fortive Corporation $FTV

Flossbach Von Storch SE purchased a new position in shares of Fortive Corporation (NYSE:FTV) in the 2nd quarter, Holdings Channel reports. The firm purchased 12,107,839 shares of the technology company’s stock, valued at approximately $739,668,000. Fortive makes up approximately 3.3% of Flossbach Von Storch SE’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors also recently made changes to their positions in FTV. Root Financial Partners LLC boosted its stake in shares of Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after acquiring an additional 168 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Fortive by 2.1% in the 1st quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock valued at $500,000 after purchasing an additional 187 shares during the last quarter. Rothschild Investment LLC raised its stake in Fortive by 20.5% in the 4th quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock valued at $61,000 after purchasing an additional 189 shares during the last quarter. Empowered Funds LLC lifted its holdings in Fortive by 2.3% in the 4th quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock valued at $482,000 after purchasing an additional 197 shares in the last quarter. Finally, Clearstead Trust LLC lifted its holdings in Fortive by 29.8% in the 4th quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after purchasing an additional 219 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the sale, the senior vice president directly owned 79,118 shares of the company’s stock, valued at $4,872,877.62. The trade was a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Fortive Trading Down 0.9%

NYSE FTV opened at $58.93 on Thursday. Fortive Corporation has a 12 month low of $46.54 and a 12 month high of $64.56. The company has a 50-day moving average of $61.17 and a 200-day moving average of $59.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The company has a market cap of $17.80 billion, a P/E ratio of 34.87 and a beta of 1.06.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities analysts predict that Fortive Corporation will post 3.01 earnings per share for the current year.

Fortive declared that its Board of Directors has authorized a share buyback plan on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Fortive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were 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 was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is 14.20%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTV. Morgan Stanley lifted their price target on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Truist Financial reissued a “hold” rating and set a $68.00 price objective (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Argus restated a “buy” rating and set a $68.00 target price on shares of Fortive in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their price target on Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Fortive has a consensus rating of “Hold” and a consensus target price of $63.10.

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.