First Nebraska Trust Co Makes New Investment in Fortive Corporation $FTV

First Nebraska Trust Co acquired a new stake in shares of Fortive Corporation (NYSE:FTV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,985 shares of the technology company’s stock, valued at approximately $2,687,000.

Other institutional investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Fortive during the fourth quarter valued at approximately $20,387,000. WINTON GROUP Ltd acquired a new stake in shares of Fortive in the fourth quarter worth approximately $6,729,000. ABN Amro Investment Solutions acquired a new stake in shares of Fortive in the fourth quarter worth approximately $1,229,000. Hsbc Holdings PLC increased its position in shares of Fortive by 7.0% during the fourth quarter. Hsbc Holdings PLC now owns 2,026,810 shares of the technology company’s stock worth $112,066,000 after purchasing an additional 133,447 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Fortive by 10.2% during the fourth quarter. UBS Group AG now owns 6,863,651 shares of the technology company’s stock worth $378,942,000 after purchasing an additional 632,759 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Citigroup boosted their price target on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Argus reiterated a “buy” rating and issued a $68.00 price objective on shares of Fortive in a report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.10.

Fortive Stock Up 1.2%

Shares of NYSE:FTV opened at $60.14 on Friday. Fortive Corporation has a 52-week low of $46.54 and a 52-week high of $64.56. The stock has a market cap of $18.16 billion, a P/E ratio of 35.59, a PEG ratio of 2.49 and a beta of 1.06. The business has a fifty day moving average of $61.16 and a two-hundred day moving average of $59.39. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, research analysts expect that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 4th. Fortive’s payout ratio is presently 14.20%.

Fortive announced that its board has approved a stock buyback plan on Monday, May 4th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president directly owned 79,118 shares in the company, valued at $4,872,877.62. The trade was a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is 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.