Y.D. More Investments Ltd Makes New Investment in Fortive Corporation $FTV

Y.D. More Investments Ltd acquired a new stake in Fortive Corporation (NYSE:FTV) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,105 shares of the technology company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Fortive during the third quarter worth $28,000. Exchange Traded Concepts LLC raised 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 valued at $36,000 after buying an additional 236 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after buying an additional 357 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in Fortive by 71.1% during the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after buying an additional 325 shares during the last quarter. Finally, Dorato Capital Management acquired a new position in shares of Fortive during the 4th quarter worth about $45,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FTV. Morgan Stanley raised their target price on Fortive from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Wells Fargo & Company lowered their price target on Fortive from $65.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Mizuho reiterated an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. One equities research 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.69.

Insider Transactions at Fortive

In other Fortive news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction on Wednesday, February 18th. The shares were 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 approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Fortive Price Performance

Shares of NYSE FTV opened at $56.74 on Tuesday. 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 Corporation has a twelve month low of $46.34 and a twelve month high of $74.67. The stock has a 50 day moving average of $56.49 and a two-hundred day moving average of $53.72. The stock has a market cap of $17.47 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.03 and a beta of 1.09.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were 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 of this dividend was Friday, March 13th. Fortive’s dividend payout ratio (DPR) is presently 13.87%.

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.