Fortive Corporation $FTV Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in Fortive Corporation (NYSE:FTV) by 42.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,399 shares of the technology company’s stock after selling 1,788 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fortive were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Dodge & Cox boosted its holdings in Fortive by 181.5% in the first quarter. Dodge & Cox now owns 21,900,363 shares of the technology company’s stock worth $1,602,669,000 after acquiring an additional 14,120,456 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fortive by 50.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,112,403 shares of the technology company’s stock worth $959,567,000 after acquiring an additional 4,382,242 shares in the last quarter. Invesco Ltd. boosted its holdings in Fortive by 96.6% in the first quarter. Invesco Ltd. now owns 5,626,962 shares of the technology company’s stock worth $411,781,000 after acquiring an additional 2,764,432 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Fortive by 4.9% during the first quarter. Select Equity Group L.P. now owns 4,509,598 shares of the technology company’s stock worth $330,012,000 after purchasing an additional 212,025 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Fortive by 2.8% during the first quarter. Northern Trust Corp now owns 4,067,929 shares of the technology company’s stock worth $297,691,000 after purchasing an additional 109,307 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Melius downgraded Fortive from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a report on Tuesday, July 22nd. BNP Paribas reaffirmed a “neutral” rating on shares of Fortive in a report on Thursday, June 12th. Wells Fargo & Company decreased their target price on Fortive from $72.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, July 1st. Melius Research raised Fortive to a “hold” rating in a report on Tuesday, July 22nd. Finally, Cowen downgraded Fortive from a “buy” rating to a “hold” rating in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.79.

Fortive Stock Up 1.3%

Shares of FTV opened at $50.43 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.98. Fortive Corporation has a one year low of $46.34 and a one year high of $83.32. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.16 and a beta of 1.15. The stock has a 50 day moving average price of $48.35 and a 200 day moving average price of $60.03.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). Fortive had a return on equity of 11.96% and a net margin of 13.62%.The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Fortive has set its FY 2025 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Fortive’s payout ratio is 10.81%.

Fortive Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.