Osmosis Investment Management UK Ltd Buys New Shares in Fortive Corporation $FTV

Osmosis Investment Management UK Ltd bought a new position in shares of Fortive Corporation (NYSE:FTV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,814 shares of the technology company’s stock, valued at approximately $3,532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position in shares of Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after acquiring an additional 168 shares during the period. Arkadios Wealth Advisors increased its position in shares of Fortive by 2.1% during the first 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 period. Rothschild Investment LLC raised its stake in shares of Fortive by 20.5% in the fourth 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 in the last quarter. Empowered Funds LLC raised its stake in shares of Fortive by 2.3% in the fourth 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 position in Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock worth $53,000 after purchasing an additional 219 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FTV shares. Royal Bank Of Canada lifted their price target on shares of Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Citigroup raised their price objective on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Truist Financial reiterated a “hold” rating and set a $68.00 target price (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Argus reissued a “buy” rating and issued a $68.00 target price on shares of Fortive in a research note on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Fortive from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Two investment 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.10.

Fortive Price Performance

Shares of FTV stock opened at $60.14 on Monday. The stock’s fifty day simple moving average is $61.16 and its 200 day simple moving average is $59.43. Fortive Corporation has a one year low of $46.54 and a one year high of $64.56. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00.

Fortive (NYSE:FTV) last released its quarterly earnings data 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. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, analysts expect that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.07 per share. This is an increase from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. Fortive’s dividend payout ratio is 14.20%.

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

Insider Transactions at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of Fortive stock in a transaction dated 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 transaction, the senior vice president directly owned 79,118 shares of the company’s stock, valued at $4,872,877.62. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by corporate insiders.

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.