Fortive Corporation $FTV Shares Acquired by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC increased its holdings in Fortive Corporation (NYSE:FTV) by 37.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 780,280 shares of the technology company’s stock after purchasing an additional 214,020 shares during the period. Clarkston Capital Partners LLC owned 0.25% of Fortive worth $38,226,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FTV. HighTower Advisors LLC increased its stake in shares of Fortive by 208.8% during the 3rd quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 22,271 shares during the last quarter. Voya Investment Management LLC grew its holdings in Fortive by 14.0% in the third quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company’s stock valued at $24,841,000 after purchasing an additional 62,127 shares during the period. Assenagon Asset Management S.A. increased its position in Fortive by 56.2% during the third quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company’s stock worth $3,799,000 after purchasing an additional 27,908 shares during the last quarter. Brookstone Capital Management increased its position in Fortive by 49.8% during the third quarter. Brookstone Capital Management now owns 76,393 shares of the technology company’s stock worth $3,742,000 after purchasing an additional 25,397 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Fortive by 2.2% during the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after purchasing an additional 839,321 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FTV shares. Citigroup boosted their price objective on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their target price on Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. Finally, Barclays upped their price target on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.85.

Insider Activity at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the transaction, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

Fortive Stock Performance

Shares of FTV stock opened at $57.34 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market cap of $17.65 billion, a PE ratio of 33.14, a P/E/G ratio of 3.10 and a beta of 1.10. The company’s fifty day simple moving average is $56.37 and its 200-day simple moving average is $52.68. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $77.08.

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

Fortive Dividend Announcement

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 paid a $0.06 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s dividend payout ratio (DPR) is 13.87%.

Fortive 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.