SG Americas Securities LLC Buys 72,645 Shares of Fortive Corporation $FTV

SG Americas Securities LLC lifted its position in Fortive Corporation (NYSE:FTV) by 926.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,490 shares of the technology company’s stock after acquiring an additional 72,645 shares during the period. SG Americas Securities LLC’s holdings in Fortive were worth $3,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock valued at $428,000 after purchasing an additional 2,811 shares during the period. Empowered Funds LLC boosted its position in shares of Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after purchasing an additional 430 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after buying an additional 357 shares during the period. Voya Investment Management LLC increased its position in shares of Fortive by 3.2% in the 1st quarter. Voya Investment Management LLC now owns 435,938 shares of the technology company’s stock valued at $31,902,000 after buying an additional 13,526 shares in the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in Fortive during the 1st quarter worth $1,101,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTV. Mizuho reissued an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Wells Fargo & Company boosted their price objective on Fortive from $55.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, December 22nd. Robert W. Baird increased their target price on Fortive from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Truist Financial reaffirmed a “hold” rating and issued a $58.00 price target (up previously from $55.00) on shares of Fortive in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fortive currently has an average rating of “Hold” and a consensus target price of $57.62.

Fortive Price Performance

Shares of FTV opened at $55.01 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $83.32. The stock has a market capitalization of $17.47 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.09 and a beta of 1.13. The company has a 50 day moving average of $53.51 and a 200-day moving average of $51.15.

Fortive (NYSE:FTV) last announced its earnings results on Monday, June 9th. The technology company reported $0.80 EPS for the quarter. The business had revenue of $1.07 billion during the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. Fortive has set its FY 2025 guidance at 2.630-2.67 EPS. As a group, equities research analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, November 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s payout ratio is currently 13.71%.

Insider Transactions at Fortive

In related news, SVP Stacey A. Walker sold 2,192 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $50.35, for a total transaction of $110,367.20. Following the completion of the transaction, the senior vice president directly owned 59,488 shares of the company’s stock, valued at approximately $2,995,220.80. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

About Fortive

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.