Callan Family Office LLC Acquires New Holdings in Fortive Corporation $FTV

Callan Family Office LLC bought a new position in Fortive Corporation (NYSE:FTV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 91,979 shares of the technology company’s stock, valued at approximately $5,619,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DV Equities LLC purchased a new stake in Fortive during the 4th quarter valued at $25,000. Virtus Advisers LLC bought a new position in shares of Fortive during the 2nd quarter valued at $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Fortive in the 2nd quarter worth $30,000. Root Financial Partners LLC boosted its stake in shares of Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after buying an additional 168 shares during the last quarter. Finally, Main Street Group LTD purchased a new position in shares of Fortive in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the transaction, the senior vice president owned 79,118 shares of the company’s stock, valued at $4,872,877.62. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings upgraded Fortive from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wells Fargo & Company raised their target price on Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Citigroup boosted their price target on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price target 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. Finally, Argus reiterated a “buy” rating and issued a $68.00 price objective on shares of Fortive in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.10.

Fortive Trading Up 1.2%

Shares of FTV stock opened at $60.14 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.46 and a beta of 1.06. Fortive Corporation has a 1 year low of $46.54 and a 1 year high of $64.56. The firm has a fifty day moving average price of $61.16 and a 200-day moving average price of $59.39.

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

Fortive announced that its board has initiated a stock buyback program on Monday, May 4th that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Fortive Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.07 dividend. The ex-dividend date is Friday, September 4th. This is a positive change from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Fortive’s dividend payout ratio (DPR) is currently 14.20%.

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.