Swiss Life Asset Management Ltd Has $4.12 Million Stock Holdings in Fortive Corporation $FTV

Swiss Life Asset Management Ltd boosted its stake in Fortive Corporation (NYSE:FTV) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,043 shares of the technology company’s stock after buying an additional 20,531 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Fortive were worth $4,117,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FTV. HighTower Advisors LLC raised its holdings in shares of Fortive by 208.8% during the third quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock worth $1,614,000 after acquiring an additional 22,271 shares in the last quarter. Voya Investment Management LLC grew its stake 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in Fortive by 56.2% in the third quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company’s stock valued at $3,799,000 after purchasing an additional 27,908 shares in the last quarter. Brookstone Capital Management increased its position in Fortive by 49.8% in the 3rd 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, State Street Corp increased its position in Fortive by 0.7% in the 2nd quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after purchasing an additional 92,222 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FTV shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Citigroup increased their price objective on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Mizuho reaffirmed an “underperform” rating and set a $51.00 price objective (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Morgan Stanley lifted their target price on shares of Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Finally, Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fortive currently has an average rating of “Hold” and an average price target of $61.23.

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Fortive Stock Performance

FTV opened at $55.15 on Monday. 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 company has a market cap of $16.98 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10. The stock has a 50-day moving average of $56.40 and a 200-day moving average of $53.19. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $76.54.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, beating 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $1.17 EPS. The firm’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 forecast that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.06 dividend. The ex-dividend date of this dividend 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 currently 13.87%.

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.