Russell Investments Group Ltd. Has $31.24 Million Holdings in Fortive Corporation $FTV

Russell Investments Group Ltd. grew its position in shares of Fortive Corporation (NYSE:FTV) by 43.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 638,521 shares of the technology company’s stock after acquiring an additional 192,571 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Fortive worth $31,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FTV. Brighton Jones LLC raised its holdings in Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock worth $428,000 after buying an additional 2,811 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Fortive by 6.9% in the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock valued at $484,000 after buying an additional 430 shares in 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. Savant Capital LLC increased its position in shares of Fortive by 30.2% during the second quarter. Savant Capital LLC now owns 25,502 shares of the technology company’s stock worth $1,329,000 after acquiring an additional 5,912 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Fortive by 98.3% during the second quarter. Allworth Financial LP now owns 1,259 shares of the technology company’s stock worth $66,000 after acquiring an additional 624 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FTV has been the topic of several recent research reports. Robert W. Baird set a $65.00 price target on shares of Fortive in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Mizuho reaffirmed an “underperform” rating and set a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Finally, Citigroup upped their price target on Fortive from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.85.

Fortive Price Performance

Shares of NYSE FTV opened at $54.94 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $56.39 and a two-hundred day simple moving average of $52.83. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $76.54. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts anticipate 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. Investors of record on Friday, March 13th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive’s payout ratio is currently 13.87%.

Insider Buying and Selling

In other Fortive 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 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. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.