Fortive Corporation $FTV Stake Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in Fortive Corporation (NYSE:FTV) by 192.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,956 shares of the technology company’s stock after buying an additional 58,522 shares during the period. Allianz Asset Management GmbH’s holdings in Fortive were worth $4,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FTV. True Wealth Design LLC lifted its position in Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after purchasing an additional 424 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Fortive in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC increased its stake in shares of Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after purchasing an additional 236 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of 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 buying an additional 357 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Fortive by 71.1% during the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Truist Financial restated a “hold” rating and issued a $58.00 target price (up from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Robert W. Baird set a $65.00 price target on Fortive in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Barclays lifted their price objective on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Wells Fargo & Company increased their target price on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fortive presently has an average rating of “Hold” and an average price target of $60.38.

Fortive Price Performance

NYSE FTV opened at $61.82 on Wednesday. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $83.32. The business’s fifty day moving average is $55.24 and its two-hundred day moving average is $51.45. The stock has a market capitalization of $19.63 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

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.