Fortive Corporation $FTV Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Fortive Corporation (NYSE:FTV) by 137.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,026 shares of the technology company’s stock after purchasing an additional 14,482 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fortive were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Fortive by 208.8% during the third quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock valued at $1,614,000 after buying an additional 22,271 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Fortive by 96.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 73,423 shares of the technology company’s stock worth $3,597,000 after buying an additional 36,037 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Fortive in the third quarter worth about $2,834,000. J. Safra Sarasin Holding AG acquired a new stake in shares of Fortive in the third quarter worth about $1,333,000. Finally, Pacific Capital Partners Ltd acquired a new position in shares of Fortive during the 4th quarter worth about $1,794,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares in the company, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the sale, the senior vice president owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. The trade was 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Monday. Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. Barclays increased their price objective on Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research report on Monday, February 9th. Zacks Research downgraded Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their price objective on Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.54.

Fortive Trading Down 0.1%

Fortive stock opened at $60.26 on Wednesday. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $74.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. The stock has a market capitalization of $18.37 billion, a P/E ratio of 36.08, a PEG ratio of 3.24 and a beta of 1.09. The stock has a 50-day simple moving average of $57.95 and a 200 day simple moving average of $55.63.

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

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

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued 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 currently 14.37%.

Trending Headlines about Fortive

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Argus Research upgraded Fortive from hold to buy and set a $68 price target, signaling stronger analyst confidence in the company’s outlook. Fortive (NYSE:FTV) Upgraded to “Buy” at Argus
• Positive Sentiment: JPMorgan raised its price target on Fortive to $64, which may have helped reinforce investor optimism even though the firm kept an underweight rating. Benzinga report on JPMorgan price target increase
• Positive Sentiment: Fortive launched and priced a $1.1 billion senior notes offering to refinance or fund corporate needs, including $600 million due 2031 and $500 million due 2036. The deal shows access to capital, though investors may weigh the added leverage. Fortive Announces Pricing of Offering of Senior Notes
• Neutral Sentiment: Fluke, a Fortive business, introduced the FEV500 for testing fast DC EV chargers, which supports the company’s industrial technology portfolio but does not appear to be a major immediate stock catalyst. New Fluke FEV500 Redefines Testing for Fast DC Electric Vehicle Chargers
• Neutral Sentiment: Market commentary and buyback-related coverage highlighted Fortive among industrial names, but these items do not provide a clear company-specific earnings or guidance change. Industrial Buybacks article
• Negative Sentiment: The senior notes offering increases Fortive’s debt load, which could pressure the stock if investors become more focused on balance-sheet risk or higher interest expense. Fortive Announces Pricing of Offering of Senior Notes

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.