Avanza Fonder AB Makes New Investment in Fortive Corporation $FTV

Avanza Fonder AB bought a new stake in Fortive Corporation (NYSE:FTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,747 shares of the technology company’s stock, valued at approximately $759,000.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock valued at $464,000 after buying an additional 208 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after acquiring an additional 236 shares during the period. Blue Trust Inc. lifted its position in Fortive by 20.4% in the 3rd quarter. Blue Trust Inc. now owns 1,612 shares of the technology company’s stock valued at $79,000 after acquiring an additional 273 shares in the last quarter. GAMMA Investing LLC lifted its position in Fortive by 13.1% in the 4th quarter. GAMMA Investing LLC now owns 2,516 shares of the technology company’s stock valued at $139,000 after acquiring an additional 291 shares in the last quarter. Finally, CX Institutional boosted its stake in Fortive by 8.7% in the 3rd quarter. CX Institutional now owns 3,693 shares of the technology company’s stock worth $181,000 after purchasing an additional 296 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

NYSE:FTV opened at $54.74 on Thursday. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $76.54. 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 firm has a fifty day simple moving average of $56.38 and a 200 day simple moving average of $53.30. The stock has a market capitalization of $16.85 billion, a PE ratio of 31.64, a P/E/G ratio of 2.96 and a beta of 1.10.

Fortive (NYSE:FTV) last posted its quarterly 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. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts expect that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

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

Insider Buying and Selling

In related 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 completion of the transaction, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FTV shares. JPMorgan Chase & Co. increased their target price on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. Morgan Stanley boosted their price target on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Wells Fargo & Company increased their price objective on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, Robert W. Baird set a $65.00 target price on Fortive in a research report on Thursday, February 5th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.23.

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.