Robeco Institutional Asset Management B.V. Acquires 15,711 Shares of Fortive Corporation $FTV

Robeco Institutional Asset Management B.V. raised its holdings in Fortive Corporation (NYSE:FTV) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,205,043 shares of the technology company’s stock after acquiring an additional 15,711 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Fortive were worth $175,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sterling Investment Management LLC bought a new position in Fortive in the 3rd quarter worth approximately $1,149,000. V Square Quantitative Management LLC grew its stake in Fortive by 2.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 35,152 shares of the technology company’s stock valued at $1,927,000 after buying an additional 863 shares in the last quarter. YANKCOM Partnership grew its stake in Fortive by 26.6% in the 3rd quarter. YANKCOM Partnership now owns 6,711 shares of the technology company’s stock valued at $368,000 after buying an additional 1,408 shares in the last quarter. Nolet Wealth Management LLC raised its holdings in Fortive by 9.5% during the 3rd quarter. Nolet Wealth Management LLC now owns 12,490 shares of the technology company’s stock valued at $685,000 after acquiring an additional 1,081 shares during the period. Finally, Mather Group LLC. raised its holdings in Fortive by 86.8% during the 3rd quarter. Mather Group LLC. now owns 467 shares of the technology company’s stock valued at $26,000 after acquiring an additional 217 shares during the period. Institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

Fortive stock opened at $58.33 on Wednesday. The firm’s 50 day simple moving average is $57.46 and its 200 day simple moving average is $59.43. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $17.62 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 2.38 and a beta of 1.07. Fortive Corporation has a 1-year low of $48.88 and a 1-year high of $64.56.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’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, analysts expect that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 4th. This is a positive change from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. Fortive’s payout ratio is presently 16.57%.

Insider Activity at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president directly owned 79,118 shares in the company, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FTV shares. Argus restated a “buy” rating and set a $68.00 target price on shares of Fortive in a research report on Wednesday, August 19th. Weiss Ratings cut Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Truist Financial decreased their price objective on Fortive from $68.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. JPMorgan Chase & Co. decreased their price objective on Fortive from $64.00 to $56.00 and set an “underweight” rating on the stock in a research note on Friday, October 9th. Finally, Royal Bank Of Canada dropped their price objective on Fortive from $63.00 to $59.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.27.

Fortive Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.