WINTON GROUP Ltd Makes New Investment in Fortive Corporation $FTV

WINTON GROUP Ltd bought a new position in shares of Fortive Corporation (NYSE:FTV) during the fourth quarter, HoldingsChannel.com reports. The firm bought 121,882 shares of the technology company’s stock, valued at approximately $6,729,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Parallel Advisors LLC grew its position in shares of Fortive by 20.2% during the 4th quarter. Parallel Advisors LLC now owns 5,395 shares of the technology company’s stock worth $298,000 after purchasing an additional 908 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Fortive during the 4th quarter worth approximately $274,000. Continuum Advisory LLC grew its position in shares of Fortive by 2.3% during the 4th quarter. Continuum Advisory LLC now owns 14,131 shares of the technology company’s stock worth $780,000 after purchasing an additional 321 shares in the last quarter. Lido Advisors LLC grew its position in shares of Fortive by 8.9% during the 4th quarter. Lido Advisors LLC now owns 4,983 shares of the technology company’s stock worth $275,000 after purchasing an additional 406 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Fortive by 58.1% during the 4th quarter. CIBC Asset Management Inc now owns 75,440 shares of the technology company’s stock worth $4,165,000 after purchasing an additional 27,712 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortive in a research report on Friday, May 22nd. Morgan Stanley increased their price target on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Monday, May 11th. Finally, Truist Financial reiterated a “hold” rating and set a $61.00 price target (up from $56.00) on shares of Fortive in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fortive currently has an average rating of “Hold” and an average price target of $61.62.

Fortive Stock Performance

NYSE FTV opened at $61.30 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.29 and a beta of 1.06. The firm’s 50 day simple moving average is $59.21 and its 200 day simple moving average is $56.71. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $73.77.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The business had revenue of $2.14 billion for 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, research analysts expect that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive declared that its Board of Directors has approved a stock buyback plan on Monday, May 4th that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 47,557 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the completion of the transaction, the senior vice president owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This represents a 35.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by 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.