Nykredit A S Invests $7.45 Million in Fortive Corporation $FTV

Nykredit A S bought a new stake in Fortive Corporation (NYSE:FTV) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 122,009 shares of the technology company’s stock, valued at approximately $7,454,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Railway Pension Investments Ltd raised its position in shares of Fortive by 55.5% during the second quarter. Railway Pension Investments Ltd now owns 604,400 shares of the technology company’s stock worth $36,923,000 after purchasing an additional 215,700 shares during the period. Flputnam Investment Management Co. bought a new position in shares of Fortive in the 2nd quarter worth $266,000. Van Den Berg Management I Inc. grew its position in Fortive by 27.2% in the 2nd quarter. Van Den Berg Management I Inc. now owns 80,408 shares of the technology company’s stock valued at $4,912,000 after purchasing an additional 17,170 shares during the period. Mufg Securities Americas Inc. increased its stake in Fortive by 5.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 9,182 shares of the technology company’s stock valued at $561,000 after purchasing an additional 510 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Fortive by 39.4% during the 2nd quarter. Hsbc Holdings PLC now owns 996,271 shares of the technology company’s stock valued at $60,884,000 after purchasing an additional 281,418 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTV. JPMorgan Chase & Co. upped their price objective on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Truist Financial restated 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. Argus reaffirmed a “buy” rating and issued a $68.00 price target on shares of Fortive in a research report on Wednesday, August 19th. Finally, Morgan Stanley lifted their price target on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.10.

Fortive Price Performance

Shares of NYSE:FTV opened at $56.97 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock has a market cap of $17.21 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. The stock’s fifty day simple moving average is $60.69 and its two-hundred day simple moving average is $59.42. Fortive Corporation has a 1-year low of $47.01 and a 1-year high of $64.56.

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

Fortive Increases Dividend

The company also recently disclosed 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Fortive’s previous quarterly dividend of $0.06. Fortive’s payout ratio is currently 14.20%.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the sale, the senior vice president owned 79,118 shares in the company, valued at approximately $4,872,877.62. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.

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.