Banque Cantonale Vaudoise Buys 17,974 Shares of Fortive Corporation $FTV

Banque Cantonale Vaudoise grew its stake in shares of Fortive Corporation (NYSE:FTV) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,762 shares of the technology company’s stock after buying an additional 17,974 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fortive were worth $4,741,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FTV. Quent Capital LLC purchased a new position in Fortive in the third quarter worth $28,000. Exchange Traded Concepts LLC raised its position in 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 purchasing an additional 236 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in Fortive by 71.1% during the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after purchasing an additional 325 shares during the last quarter. Finally, Motco boosted its holdings in shares of Fortive by 372.0% in the 3rd quarter. Motco now owns 944 shares of the technology company’s stock worth $46,000 after purchasing an additional 744 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Activity 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 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 of the company’s stock, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Fortive Price Performance

Shares of FTV stock opened at $56.37 on Tuesday. 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 fifty-two week low of $46.34 and a fifty-two week high of $76.54. The firm has a market cap of $17.35 billion, a P/E ratio of 32.58, a P/E/G ratio of 3.10 and a beta of 1.10. The business’s 50 day moving average price is $56.38 and its 200-day moving average price is $52.74.

Fortive (NYSE:FTV) last announced its earnings results 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 return on equity of 11.98% and a net margin of 12.48%.During the same quarter in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly 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. On average, equities research analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on FTV. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Robert W. Baird set a $65.00 target price on Fortive in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada increased their price target on shares of Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Finally, Wells Fargo & Company lifted their price target on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.85.

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.