NewEdge Advisors LLC Has $1.27 Million Stock Position in Fortive Corporation $FTV

NewEdge Advisors LLC increased its stake in shares of Fortive Corporation (NYSE:FTV) by 106.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,959 shares of the technology company’s stock after acquiring an additional 11,853 shares during the quarter. NewEdge Advisors LLC’s holdings in Fortive were worth $1,269,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FTV. DV Equities LLC acquired a new position in shares of Fortive during the fourth quarter valued at about $25,000. Root Financial Partners LLC grew 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 buying an additional 168 shares in the last quarter. Main Street Group LTD acquired a new stake in Fortive during the first quarter worth about $31,000. Geneos Wealth Management Inc. increased its stake in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Fortive by 149.3% during the fourth quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock valued at $47,000 after acquiring an additional 506 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on FTV shares. Citigroup raised their price objective on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research cut Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Finally, 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 research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fortive currently has a consensus rating of “Hold” and an average price target of $63.10.

Fortive Stock Down 1.7%

NYSE FTV opened at $60.60 on Tuesday. 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 stock’s 50 day moving average is $61.26 and its two-hundred day moving average is $59.25. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 35.86 and a beta of 1.06. Fortive Corporation has a 1-year low of $46.54 and a 1-year high of $64.56.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.10 billion for 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 company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities analysts forecast that Fortive Corporation will post 3.01 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 22nd. Fortive’s dividend payout ratio is 14.20%.

Fortive announced that its board has authorized a stock buyback program on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction on Monday, August 10th. The stock was 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 in the company, valued at $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.