Cloverfields Capital Group LP Has $1.23 Million Holdings in Fortive Corporation $FTV

Cloverfields Capital Group LP lifted its position in Fortive Corporation (NYSE:FTV) by 63.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,330 shares of the technology company’s stock after acquiring an additional 8,694 shares during the quarter. Cloverfields Capital Group LP’s holdings in Fortive were worth $1,233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in 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 purchasing an additional 168 shares during the period. Geneos Wealth Management Inc. boosted its position 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 buying an additional 357 shares during the period. Dorato Capital Management acquired a new stake in shares of Fortive in the fourth quarter worth $45,000. Hantz Financial Services Inc. grew its holdings in shares of Fortive by 149.3% during the fourth 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 in the last quarter. Finally, Dunhill Financial LLC raised its position in Fortive by 8,300.0% during the third 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. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Fortive Stock Up 0.5%

FTV stock opened at $60.15 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $18.34 billion, a PE ratio of 36.02 and a beta of 1.06. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $71.85. The company has a fifty day simple moving average of $59.82 and a 200 day simple moving average of $57.05.

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

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

Fortive Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research lowered Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price target on shares of Fortive from $59.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortive in a research report on Friday, May 22nd. Morgan Stanley increased their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial reiterated a “hold” rating and issued a $61.00 target price (up from $56.00) on shares of Fortive in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.62.

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.