Triad Investment Management Makes New $586,000 Investment in Fortive Corporation $FTV

Triad Investment Management bought a new stake in Fortive Corporation (NYSE:FTV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,503 shares of the technology company’s stock, valued at approximately $586,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FTV. DV Equities LLC acquired a new stake in shares of Fortive during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its holdings in Fortive by 246.2% in the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. Root Financial Partners LLC raised its holdings in Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Main Street Group LTD bought a new position in Fortive during the 1st quarter valued at $31,000. Finally, Dorato Capital Management bought a new position in Fortive during the 4th quarter valued at $45,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Trading Down 0.5%

Fortive stock opened at $60.68 on Wednesday. Fortive Corporation has a 1 year low of $46.34 and a 1 year high of $64.33. The firm’s 50-day moving average is $60.69 and its 200-day moving average is $58.40. 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 company has a market cap of $18.50 billion, a P/E ratio of 36.33 and a beta of 1.06.

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

Fortive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is presently 14.37%.

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

Wall Street Analysts Forecast Growth

FTV has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Truist Financial lifted their price target on Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Fortive in a report on Friday, May 22nd. Zacks Research cut Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Citigroup increased their target price on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued 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 $63.00.

Insider Activity

In other news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction 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 transaction, 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company 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.