Fortive Corporation $FTV Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC decreased its position in Fortive Corporation (NYSE:FTV) by 23.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,556 shares of the technology company’s stock after selling 32,249 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Fortive were worth $6,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. DV Equities LLC acquired a new position in Fortive in the fourth quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Fortive during the second quarter worth $30,000. Virtus Advisers LLC purchased a new stake in Fortive in the second quarter valued at $30,000. Geneos Wealth Management Inc. raised its position 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. Finally, Root Financial Partners LLC lifted its stake 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 valued at $31,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of Fortive stock in a transaction that occurred on Monday, August 10th. The stock was 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 trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on FTV shares. Weiss Ratings downgraded Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Truist Financial reiterated a “hold” rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Morgan Stanley boosted their price target on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Finally, Argus restated a “buy” rating and issued a $68.00 price objective on shares of Fortive in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.10.

Fortive Trading Down 1.4%

Shares of Fortive stock opened at $58.86 on Tuesday. The company has a fifty day simple moving average of $61.01 and a 200-day simple moving average of $59.44. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Fortive Corporation has a 12-month low of $46.54 and a 12-month high of $64.56. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.47 and a beta of 1.06.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, equities analysts forecast that Fortive Corporation will post 3.02 EPS for the current fiscal year.

Fortive announced that its Board of Directors has approved a share buyback 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 an indication that the company’s leadership believes its shares are undervalued.

Fortive Increases Dividend

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

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.