Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Fortive Corporation $FTV

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Fortive Corporation (NYSE:FTV) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 697,308 shares of the technology company’s stock after acquiring an additional 55,424 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fortive were worth $34,161,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Fortive by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after purchasing an additional 839,321 shares during the last quarter. Dodge & Cox grew its holdings in Fortive by 51.5% during the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company’s stock valued at $1,729,340,000 after purchasing an additional 11,273,242 shares during the period. Viking Global Investors LP increased its position in Fortive by 22.9% in the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company’s stock worth $829,525,000 after buying an additional 2,962,502 shares during the last quarter. State Street Corp increased its position in Fortive by 0.7% in the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after buying an additional 92,222 shares during the last quarter. Finally, Flossbach Von Storch SE lifted its position in shares of Fortive by 1.6% during the 2nd quarter. Flossbach Von Storch SE now owns 12,043,449 shares of the technology company’s stock valued at $627,825,000 after buying an additional 189,027 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Price Performance

FTV stock opened at $59.17 on Monday. The firm has a 50 day moving average of $56.11 and a 200-day moving average of $52.33. The firm has a market capitalization of $18.22 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 3.20 and a beta of 1.10. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $80.74. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

Fortive (NYSE:FTV) last posted 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’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, sell-side analysts predict that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive’s payout ratio is presently 13.87%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FTV shares. Wells Fargo & Company lifted their price objective 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 reiterated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Morgan Stanley lifted their target price on shares of Fortive from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Robert W. Baird set a $65.00 price target on shares of Fortive in a research note on Thursday, February 5th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fortive has an average rating of “Hold” and an average price target of $60.85.

Insider Buying and Selling

In other Fortive news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the transaction, the director directly owned 31,775 shares in the company, valued at $1,853,753.50. This represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

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.