HighTower Advisors LLC Increases Position in Fortive Corporation $FTV

HighTower Advisors LLC increased its position in shares of Fortive Corporation (NYSE:FTV) by 208.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,938 shares of the technology company’s stock after purchasing an additional 22,271 shares during the period. HighTower Advisors LLC’s holdings in Fortive were worth $1,614,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC increased its stake in Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after buying an additional 424 shares in the last quarter. Quent Capital LLC bought a new position in shares of Fortive in the third quarter worth about $28,000. Exchange Traded Concepts LLC boosted 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 worth $36,000 after acquiring an additional 236 shares during the period. Geneos Wealth Management Inc. grew its position 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 worth $37,000 after purchasing an additional 357 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in 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 period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho restated an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Robert W. Baird set a $65.00 target price on shares of Fortive in a research note on Thursday, February 5th. Morgan Stanley boosted their price target 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. Finally, Wells Fargo & Company increased their price objective on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $60.85.

Insiders Place Their Bets

In related news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

Fortive Price Performance

FTV stock opened at $59.17 on Monday. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $80.74. The firm has a market capitalization of $18.22 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 3.20 and a beta of 1.10. The company has a fifty day simple moving average of $56.11 and a two-hundred day simple moving average of $52.33. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36.

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

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s payout ratio is currently 13.87%.

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.