Fortive Corporation $FTV Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Fortive Corporation (NYSE:FTV) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,205,043 shares of the technology company’s stock after acquiring an additional 15,711 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.06% of Fortive worth $175,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sterling Investment Management LLC acquired a new stake in shares of Fortive in the 3rd quarter worth about $1,149,000. V Square Quantitative Management LLC lifted its position in Fortive by 2.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 35,152 shares of the technology company’s stock valued at $1,927,000 after acquiring an additional 863 shares in the last quarter. YANKCOM Partnership lifted its position in Fortive by 26.6% in the 3rd quarter. YANKCOM Partnership now owns 6,711 shares of the technology company’s stock valued at $368,000 after acquiring an additional 1,408 shares in the last quarter. Nolet Wealth Management LLC lifted its position in Fortive by 9.5% in the 3rd quarter. Nolet Wealth Management LLC now owns 12,490 shares of the technology company’s stock valued at $685,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in Fortive by 86.8% during the 3rd quarter. Mather Group LLC. now owns 467 shares of the technology company’s stock valued at $26,000 after purchasing an additional 217 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Peter C. Underwood sold 8,662 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total transaction 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 represents a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on FTV shares. JPMorgan Chase & Co. decreased their price objective on Fortive from $64.00 to $56.00 and set an “underweight” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada dropped their target price on Fortive from $63.00 to $59.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings lowered Fortive from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. Truist Financial cut their target price on Fortive from $68.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Finally, Argus reiterated a “buy” rating and issued a $68.00 target price on shares of Fortive in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.27.

Fortive Trading Up 1.5%

NYSE FTV opened at $58.33 on Wednesday. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.38 and a beta of 1.07. Fortive Corporation has a one year low of $48.88 and a one year high of $64.56. 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 business’s fifty day moving average is $57.46 and its 200-day moving average is $59.43.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company 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 firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities research analysts predict that Fortive Corporation will post 3.02 EPS for the current year.

Fortive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.07 dividend. The ex-dividend date was Friday, September 4th. This is a boost from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. Fortive’s dividend payout ratio is presently 16.57%.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.