Qsemble Capital Management LP Acquires New Shares in Fortive Corporation $FTV

Qsemble Capital Management LP acquired a new stake in Fortive Corporation (NYSE:FTV) in the fourth quarter, Holdings Channel.com reports. The firm acquired 132,798 shares of the technology company’s stock, valued at approximately $7,332,000.

A number of other hedge funds have also bought and sold shares of FTV. Dodge & Cox grew its stake in Fortive by 28.4% in the 3rd quarter. Dodge & Cox now owns 42,595,794 shares of the technology company’s stock valued at $2,086,768,000 after buying an additional 9,422,189 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fortive by 102,687.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company’s stock valued at $413,361,000 after buying an additional 7,479,776 shares in the last quarter. Viking Global Investors LP grew its stake in Fortive by 28.7% in the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after buying an additional 4,571,056 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Fortive by 55.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company’s stock valued at $426,699,000 after buying an additional 3,096,711 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Fortive by 205.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,719,200 shares of the technology company’s stock valued at $182,204,000 after buying an additional 2,502,300 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the sale, the senior vice president directly owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This represents a 35.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.65% of the company’s stock.

Fortive Stock Down 0.3%

FTV opened at $58.75 on Friday. The company has a fifty day moving average price of $58.00 and a 200-day moving average price of $55.79. The firm has a market capitalization of $17.91 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 3.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.71 and a quick ratio of 0.57. Fortive Corporation has a one year low of $46.34 and a one year high of $73.77.

Fortive (NYSE:FTV) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts expect that Fortive Corporation will post 2.96 earnings per share for the current fiscal year.

Fortive announced that its board has initiated a share repurchase program on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, March 13th. Fortive’s payout ratio is 14.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Robert W. Baird set a $65.00 price objective on shares of Fortive in a research note on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Barclays boosted their price target 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. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.54.

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.