Graham Capital Management L.P. Takes $4.27 Million Position in Fortive Corporation $FTV

Graham Capital Management L.P. purchased a new stake in shares of Fortive Corporation (NYSE:FTV) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 77,318 shares of the technology company’s stock, valued at approximately $4,269,000.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC raised its position in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after buying an additional 168 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Fortive by 246.2% during the 1st 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 period. Dorato Capital Management purchased a new stake in shares of Fortive during the 4th quarter valued at approximately $45,000. Hantz Financial Services Inc. raised its position in shares of Fortive by 149.3% during the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock valued at $47,000 after buying an additional 506 shares during the period. Finally, Dunhill Financial LLC raised its position in shares of Fortive by 8,300.0% during the 3rd quarter. Dunhill Financial LLC now owns 1,008 shares of the technology company’s stock valued at $49,000 after buying an additional 996 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Stock Performance

NYSE:FTV opened at $61.44 on Wednesday. The company has a fifty day simple moving average of $60.01 and a two-hundred day simple moving average of $57.19. The company has a market cap of $18.73 billion, a price-to-earnings ratio of 36.79 and a beta of 1.06. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $71.85.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts anticipate that Fortive Corporation will post 2.97 earnings per share for the current fiscal year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be paid a $0.06 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s payout ratio is 14.37%.

Fortive declared that its Board of Directors has approved a share repurchase program on Monday, May 4th that permits the company to buyback 20,000,000 shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

FTV has been the topic of several analyst reports. Citigroup lifted their price target on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Truist Financial reiterated a “hold” rating and issued a $61.00 target price (up from $56.00) on shares of Fortive in a report on Monday, May 4th. Morgan Stanley lifted their target price on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their target price on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Three analysts have rated the stock with 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 currently has a consensus rating of “Hold” and a consensus price target of $61.62.

Insider Activity at Fortive

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction 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 in the company, valued at $5,337,901.80. The trade was a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

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.