E. Ohman J or Asset Management AB Takes Position in Fortive Corporation $FTV

E. Ohman J or Asset Management AB purchased a new position in shares of Fortive Corporation (NYSE:FTV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,577 shares of the technology company’s stock, valued at approximately $639,000.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Fortive by 97.1% in the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after acquiring an additional 2,811 shares during the last quarter. Empowered Funds LLC increased its position in Fortive by 6.9% during the 1st quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after purchasing an additional 430 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after purchasing an additional 357 shares during the last quarter. Creative Planning boosted its position in Fortive by 16.7% in the second quarter. Creative Planning now owns 39,681 shares of the technology company’s stock valued at $2,069,000 after buying an additional 5,665 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Fortive during the second quarter worth $271,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on FTV. Morgan Stanley increased their price target on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Royal Bank Of Canada boosted their price objective on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Wells Fargo & Company increased their target price on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Zacks Research raised Fortive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortive currently has an average rating of “Hold” and a consensus price target of $61.23.

Fortive Price Performance

Shares of NYSE:FTV opened at $54.74 on Thursday. The firm has a market cap of $16.85 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.96 and a beta of 1.10. The firm’s fifty day moving average is $56.38 and its 200-day moving average is $53.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $76.54.

Fortive (NYSE:FTV) last posted 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. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Sell-side analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The business also recently declared 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 is presently 13.87%.

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the firm’s 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 directly owned 31,775 shares in the company, valued at $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

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.