North Dakota State Investment Board Makes New Investment in Fortive Corporation $FTV

North Dakota State Investment Board bought a new position in Fortive Corporation (NYSE:FTV) in the fourth quarter, Holdings Channel reports. The firm bought 11,643 shares of the technology company’s stock, valued at approximately $643,000.

A number of other large investors have also recently made changes to their positions in FTV. Geneos Wealth Management Inc. boosted its holdings in shares of 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 acquiring an additional 357 shares during the period. Dorato Capital Management bought a new position in shares of Fortive in the fourth quarter worth $45,000. Dunhill Financial LLC boosted its holdings in shares of Fortive by 8,300.0% in the third quarter. Dunhill Financial LLC now owns 1,008 shares of the technology company’s stock worth $49,000 after acquiring an additional 996 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Fortive by 668.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,145 shares of the technology company’s stock worth $56,000 after acquiring an additional 996 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Fortive in the fourth quarter worth $72,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FTV shares. Royal Bank Of Canada lifted their price objective on Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $65.00 price objective on Fortive in a research note on Thursday, February 5th. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, May 11th. Finally, Morgan Stanley lifted their price objective on Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fortive presently has an average rating of “Hold” and an average target price of $61.54.

Fortive Stock Up 0.0%

FTV opened at $59.06 on Friday. The company has a market cap of $18.00 billion, a P/E ratio of 35.36, a P/E/G ratio of 3.17 and a beta of 1.09. The business’s 50-day moving average price is $58.16 and its 200-day moving average price is $56.07. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. Fortive Corporation has a 12 month low of $46.34 and a 12 month high of $73.77.

Fortive (NYSE:FTV) last released its quarterly earnings data 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 firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities analysts expect that Fortive Corporation will post 2.96 EPS for the current year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.06 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s payout ratio is currently 14.37%.

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

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

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.