Fortive Corporation $FTV Shares Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Fortive Corporation (NYSE:FTV) by 55.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,709,913 shares of the technology company’s stock after buying an additional 3,096,711 shares during the quarter. Fortive accounts for 1.4% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 29th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned 2.74% of Fortive worth $426,699,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its stake in shares of Fortive by 18.0% in the third quarter. Mackenzie Financial Corp now owns 41,331 shares of the technology company’s stock valued at $2,025,000 after buying an additional 6,303 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Fortive by 82.2% in the third quarter. Franklin Resources Inc. now owns 2,002,805 shares of the technology company’s stock valued at $98,117,000 after acquiring an additional 903,692 shares during the period. Claret Asset Management Corp purchased a new stake in shares of Fortive during the 3rd quarter worth $213,000. Bank of Montreal Can boosted its position in shares of Fortive by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 385,244 shares of the technology company’s stock worth $18,873,000 after purchasing an additional 63,502 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Fortive by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 2,088,081 shares of the technology company’s stock worth $102,295,000 after purchasing an additional 46,784 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTV shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Citigroup increased their target price on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Robert W. Baird set a $65.00 price target on shares of Fortive in a research report on Thursday, February 5th. Mizuho reissued an “underperform” rating and set a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. upped their price target on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.85.

Fortive Trading Down 1.0%

NYSE FTV opened at $55.80 on Wednesday. The company has a market cap of $17.18 billion, a P/E ratio of 32.26, a P/E/G ratio of 3.04 and a beta of 1.10. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $76.54. 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 50-day moving average of $56.37 and a 200-day moving average of $52.79.

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, topping the consensus estimate 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 previous year, the firm earned $1.17 EPS. Fortive’s quarterly 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 analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

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 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%.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 31,775 shares in the company, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.92% of the stock is currently owned by insiders.

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.