21,648 Shares in Fortive Corporation $FTV Purchased by Man Group plc

Man Group plc bought a new position in Fortive Corporation (NYSE:FTV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,648 shares of the technology company’s stock, valued at approximately $1,322,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock valued at $428,000 after purchasing an additional 2,811 shares during the last quarter. Empowered Funds LLC boosted its holdings in Fortive by 6.9% in the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after purchasing an additional 430 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Fortive by 87.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company’s stock worth $118,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Fortive by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 80,595 shares of the technology company’s stock worth $4,201,000 after purchasing an additional 2,548 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the sale, the senior vice president owned 79,118 shares of the company’s stock, valued at approximately $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.

Fortive Stock Down 0.3%

Shares of FTV stock opened at $56.65 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. Fortive Corporation has a 12 month low of $46.65 and a 12 month high of $64.56. The stock has a market cap of $17.11 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.35 and a beta of 1.05. The company has a 50 day simple moving average of $60.86 and a two-hundred day simple moving average of $59.43.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.90 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.5%. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, September 4th. Fortive’s dividend payout ratio (DPR) is presently 14.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FTV shares. Morgan Stanley boosted their target price 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. Weiss Ratings lowered Fortive from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. upped their price objective on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Truist Financial reissued a “hold” rating and issued a $68.00 target price (up from $67.00) on shares of Fortive in a report on Thursday, July 30th. Finally, Argus reissued a “buy” rating and issued a $68.00 target price on shares of Fortive in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.10.

About Fortive

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.