Dimensional Fund Advisors LP Buys 196,107 Shares of Fortive Corporation $FTV

Dimensional Fund Advisors LP lifted its stake in Fortive Corporation (NYSE:FTV) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,092,542 shares of the technology company’s stock after acquiring an additional 196,107 shares during the quarter. Dimensional Fund Advisors LP owned 0.97% of Fortive worth $151,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dodge & Cox lifted 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 valued at $1,729,340,000 after purchasing an additional 11,273,242 shares during the period. Norges Bank purchased a new stake in Fortive in the second quarter worth approximately $357,602,000. Viking Global Investors LP grew its position in Fortive by 22.9% in the 2nd 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 during the period. Pacer Advisors Inc. raised its stake in Fortive by 132.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,222,299 shares of the technology company’s stock valued at $157,860,000 after buying an additional 1,838,120 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Fortive by 24.6% during the 2nd quarter. Invesco Ltd. now owns 7,010,216 shares of the technology company’s stock valued at $365,443,000 after buying an additional 1,383,254 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated 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 $1,853,753.50. The trade was a 18.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FTV has been the topic of several research analyst reports. Robert W. Baird set a $65.00 price target on Fortive in a report on Thursday, February 5th. Citigroup upped their price objective on Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Royal Bank Of Canada increased 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. JPMorgan Chase & Co. raised their target price on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.85.

Fortive Trading Down 1.0%

Shares of FTV stock opened at $55.80 on Wednesday. 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 company has a market cap of $17.18 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.04 and a beta of 1.10. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $76.54. The firm has a fifty day moving average price of $56.37 and a 200-day moving average price of $52.79.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS 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 revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, March 13th. This represents a $0.24 annualized dividend 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.