Candriam S.C.A. Has $3.02 Million Position in Fortive Corporation $FTV

Candriam S.C.A. lowered its stake in shares of Fortive Corporation (NYSE:FTV) by 20.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 61,604 shares of the technology company’s stock after selling 15,838 shares during the period. Candriam S.C.A.’s holdings in Fortive were worth $3,018,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FTV. True Wealth Design LLC lifted its stake in Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after purchasing an additional 424 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Fortive by 246.2% in the first 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. Quent Capital LLC purchased a new stake in shares of Fortive during the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC grew its holdings in shares of Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in shares of Fortive by 71.1% in the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after buying an additional 325 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FTV has been the subject of several analyst reports. Mizuho reissued an “underperform” rating and set a $51.00 price target (down previously from $54.00) on shares of Fortive in a research report on Monday, January 5th. Wells Fargo & Company lifted their price objective on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a report on Wednesday. Royal Bank Of Canada upped their price target on Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Finally, Truist Financial reiterated a “hold” rating and issued a $58.00 target price (up previously from $55.00) on shares of Fortive in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.85.

Fortive Trading Down 5.2%

Shares of FTV opened at $58.67 on Thursday. 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 firm has a market cap of $18.64 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 3.34 and a beta of 1.12. The company has a 50 day simple moving average of $55.35 and a two-hundred day simple moving average of $51.50. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $83.32.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities analysts expect that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

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.