Richard Bernstein Advisors LLC Sells 27,644 Shares of Fortive Corporation $FTV

Richard Bernstein Advisors LLC lowered its position in Fortive Corporation (NYSE:FTV) by 48.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,738 shares of the technology company’s stock after selling 27,644 shares during the period. Richard Bernstein Advisors LLC’s holdings in Fortive were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in 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 period. Blue Trust Inc. lifted its holdings in Fortive by 20.4% during the 3rd quarter. Blue Trust Inc. now owns 1,612 shares of the technology company’s stock valued at $79,000 after buying an additional 273 shares in the last quarter. CX Institutional lifted its holdings in Fortive by 8.7% during the 3rd quarter. CX Institutional now owns 3,693 shares of the technology company’s stock valued at $181,000 after buying an additional 296 shares in the last quarter. Locust Wood Capital Advisers LLC boosted its position in Fortive by 2.9% in the 2nd quarter. Locust Wood Capital Advisers LLC now owns 10,500 shares of the technology company’s stock valued at $547,000 after buying an additional 300 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in Fortive by 4.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,725 shares of the technology company’s stock valued at $378,000 after buying an additional 306 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on FTV shares. Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Barclays raised their price objective on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.85.

Fortive Price Performance

Shares of FTV opened at $55.80 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $76.54. The firm has a market capitalization of $17.18 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10. The company’s fifty day moving average price is $56.37 and its 200-day moving average price is $52.79.

Fortive (NYSE:FTV) last posted its 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. Fortive had a return on equity of 11.98% and a net margin of 12.48%.During the same quarter last year, the business earned $1.17 EPS. 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 predict that Fortive Corporation will post 4.05 EPS 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 issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive’s payout ratio is currently 13.87%.

Insider Buying and Selling at Fortive

In other Fortive news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

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.