153,337 Shares in Fortive Corporation $FTV Purchased by Defender Capital LLC.

Defender Capital LLC. purchased a new stake in shares of Fortive Corporation (NYSE:FTV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 153,337 shares of the technology company’s stock, valued at approximately $8,466,000. Fortive comprises approximately 2.7% of Defender Capital LLC.’s holdings, making the stock its 14th largest position.

Several other institutional investors have also added to or reduced their stakes in FTV. Quent Capital LLC purchased a new stake in shares of Fortive during the 3rd quarter worth 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 valued at $36,000 after purchasing an additional 236 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 in the last quarter. J.Safra Asset Management Corp increased its position in 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 purchasing an additional 325 shares during the last quarter. Finally, Motco increased its position in Fortive by 372.0% in the third quarter. Motco now owns 944 shares of the technology company’s stock worth $46,000 after purchasing an additional 744 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction that occurred on 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 $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by company insiders.

Fortive Stock Down 0.3%

NYSE FTV opened at $54.74 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $76.54. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.96 and a beta of 1.10. The company has a fifty day moving average of $56.38 and a two-hundred day moving average of $53.30.

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

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders 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 yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 13.87%.

Analyst Ratings Changes

FTV has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Mizuho restated an “underperform” rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Barclays upped 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. Citigroup lifted their price target on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.23.

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.