Barclays PLC Grows Position in Fortive Corporation $FTV

Barclays PLC raised its holdings in Fortive Corporation (NYSE:FTV) by 23.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,017,954 shares of the technology company’s stock after acquiring an additional 193,239 shares during the quarter. Barclays PLC owned 0.32% of Fortive worth $49,870,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 buying an additional 839,321 shares during the period. Dodge & Cox boosted its position in Fortive by 51.5% during the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock worth $1,729,340,000 after purchasing an additional 11,273,242 shares in the last quarter. Viking Global Investors LP boosted its position in Fortive by 22.9% during the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock worth $829,525,000 after purchasing an additional 2,962,502 shares in the last quarter. State Street Corp grew its holdings in Fortive by 0.7% in the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock valued at $738,013,000 after purchasing an additional 92,222 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Fortive by 2.5% in the second quarter. Geode Capital Management LLC now owns 8,689,681 shares of the technology company’s stock valued at $451,093,000 after buying an additional 211,694 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of 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 legal filing with the SEC, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

Fortive Stock Down 1.8%

FTV stock opened at $56.37 on Tuesday. The company has a 50 day moving average price of $56.38 and a two-hundred day moving average price of $52.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The stock has a market capitalization of $17.35 billion, a P/E ratio of 32.58, a PEG ratio of 3.10 and a beta of 1.10. Fortive Corporation has a one year low of $46.34 and a one year high of $76.54.

Fortive (NYSE:FTV) last issued its quarterly 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 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 quarter last year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, sell-side analysts expect that Fortive Corporation will post 4.05 EPS for the current year.

Fortive Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FTV shares. Barclays boosted their price objective on shares of Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Robert W. Baird set a $65.00 price target on shares of Fortive in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Citigroup increased their target price on Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a report 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 report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fortive has a consensus rating of “Hold” and an average target price of $60.85.

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.