National Pension Service Has $1.57 Million Stock Holdings in Fortive Corporation $FTV

National Pension Service lowered its position in Fortive Corporation (NYSE:FTV) by 94.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,437 shares of the technology company’s stock after selling 499,919 shares during the period. National Pension Service’s holdings in Fortive were worth $1,570,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its stake in shares of Fortive by 20.5% in the fourth quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock valued at $61,000 after acquiring an additional 189 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock valued at $464,000 after acquiring an additional 208 shares during the last quarter. Clearstead Trust LLC raised its stake in shares of Fortive by 29.8% in the fourth quarter. Clearstead Trust LLC now owns 953 shares of the technology company’s stock valued at $53,000 after acquiring an additional 219 shares during the last quarter. Transcend Capital Advisors LLC raised its stake in shares of Fortive by 4.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 5,534 shares of the technology company’s stock valued at $306,000 after acquiring an additional 252 shares during the last quarter. Finally, Turning Point Benefit Group Inc. raised its stake in shares of Fortive by 15.5% in the fourth quarter. Turning Point Benefit Group Inc. now owns 2,039 shares of the technology company’s stock valued at $113,000 after acquiring an additional 274 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

FTV opened at $58.76 on Tuesday. The company has a fifty day moving average price of $58.74 and a two-hundred day moving average price of $56.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $73.77. The firm has a market capitalization of $17.91 billion, a PE ratio of 35.18, a P/E/G ratio of 3.13 and a beta of 1.09.

Fortive (NYSE:FTV) last released its earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The business’s quarterly 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. As a group, analysts anticipate that Fortive Corporation will post 2.96 earnings per share for the current year.

Fortive announced that its board has approved a share repurchase program on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of Fortive 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Barclays raised their price target on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Zacks Research lowered shares of Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley raised their price target on shares of Fortive from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fortive presently has a consensus rating of “Hold” and a consensus price target of $61.54.

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.