Elo Mutual Pension Insurance Co Has $1.10 Million Position in Fortive Corporation $FTV

Elo Mutual Pension Insurance Co lessened its position in Fortive Corporation (NYSE:FTV) by 38.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,381 shares of the technology company’s stock after selling 14,148 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fortive were worth $1,096,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FTV. True Wealth Design LLC lifted its holdings in Fortive by 815.4% during 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 bought a new stake in Fortive during the third quarter worth about $28,000. Exchange Traded Concepts LLC increased its holdings in shares of Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after buying an additional 236 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Fortive by 71.1% in the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the 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 transaction, the director owned 31,775 shares of the company’s stock, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

Fortive Price Performance

Fortive stock opened at $57.99 on Friday. The business’s 50-day simple moving average is $56.34 and its 200 day simple moving average is $52.55. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 3.13 and a beta of 1.10. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $77.79.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on FTV. JPMorgan Chase & Co. increased their price target on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Mizuho reaffirmed an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Royal Bank Of Canada increased their price objective on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. Finally, Robert W. Baird set a $65.00 price objective on shares of Fortive in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.85.

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.