American Century Companies Inc. Acquires 373,157 Shares of Fortive Corporation $FTV

American Century Companies Inc. boosted its holdings in shares of Fortive Corporation (NYSE:FTV) by 74.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871,225 shares of the technology company’s stock after buying an additional 373,157 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of Fortive worth $42,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Fortive by 815.4% during the second quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after buying an additional 424 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Fortive during the third quarter worth $28,000. Exchange Traded Concepts LLC grew 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 valued at $36,000 after buying an additional 236 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after buying an additional 357 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Fortive by 71.1% in the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock valued at $38,000 after acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Fortive

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FTV. Mizuho reiterated an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Wells Fargo & Company upped their price target on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Barclays increased their target price on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, February 9th. Finally, Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortive currently has an average rating of “Hold” and a consensus price target of $60.85.

Fortive Price Performance

Fortive stock opened at $57.34 on Friday. 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 business has a 50 day simple moving average of $56.37 and a 200-day simple moving average of $52.62. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $77.08. The stock has a market capitalization of $17.65 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.10.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $1.17 earnings per share. The business’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. Equities analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

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 dividend of $0.06 per share. 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 is 13.87%.

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.