Triad Investment Management Buys New Shares in Fortive Corporation $FTV

Triad Investment Management bought a new position in shares of Fortive Corporation (NYSE:FTV) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,503 shares of the technology company’s stock, valued at approximately $586,000.

A number of other hedge funds have also recently added to or reduced their stakes in FTV. DV Equities LLC acquired a new stake in shares of Fortive in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after purchasing an additional 357 shares during the period. Root Financial Partners LLC increased its position in Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the last quarter. Main Street Group LTD purchased a new position in Fortive during the first quarter worth approximately $31,000. Finally, Dorato Capital Management purchased a new position in Fortive during the fourth quarter worth approximately $45,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. This trade represents a 35.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

FTV has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortive in a research report on Friday, May 22nd. Citigroup increased their target price on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Argus upgraded Fortive from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, May 11th. Finally, Morgan Stanley upped their price target on Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.00.

Fortive Stock Down 0.5%

Shares of NYSE FTV opened at $60.68 on Wednesday. The stock has a fifty day moving average price of $60.69 and a 200 day moving average price of $58.40. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $64.33. The company has a market cap of $18.50 billion, a P/E ratio of 36.33 and a beta of 1.06.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts anticipate that Fortive Corporation will post 2.97 EPS for the current fiscal year.

Fortive announced that its Board of Directors has authorized a stock repurchase plan on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Fortive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were paid a $0.06 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s dividend payout ratio is 14.37%.

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.