Eubel Brady & Suttman Asset Management Inc. Grows Stock Holdings in Fortive Corporation $FTV

Eubel Brady & Suttman Asset Management Inc. lifted its holdings in Fortive Corporation (NYSE:FTV) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,007 shares of the technology company’s stock after buying an additional 16,606 shares during the period. Eubel Brady & Suttman Asset Management Inc. owned about 0.08% of Fortive worth $12,248,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC grew its position in Fortive by 815.4% in the second quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after acquiring an additional 424 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Fortive in the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC boosted its holdings in shares of Fortive by 46.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the period. Geneos Wealth Management Inc. boosted 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 worth $37,000 after purchasing an additional 357 shares during the period. Finally, J.Safra Asset Management Corp increased its position in shares of Fortive by 71.1% during the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock valued at $38,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Fortive from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Mizuho restated an “underperform” rating and issued a $51.00 target price (down previously from $54.00) on shares of Fortive in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Wells Fargo & Company upped their target price on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada raised their price target on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fortive presently has an average rating of “Hold” and a consensus target price of $60.85.

Fortive Stock Down 5.2%

Shares of Fortive stock opened at $58.67 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.34 and a beta of 1.12. The firm’s 50-day moving average is $55.35 and its two-hundred day moving average is $51.50. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $83.32.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, research analysts expect 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.