Fortive Corporation (FTV) To Go Ex-Dividend on June 22nd

Fortive Corporation (NYSE:FTV) announced a quarterly dividend on Tuesday, June 9th. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.06 per share by the technology company on Monday, July 6th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 22nd.

Fortive has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Fortive has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fortive to earn $3.18 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 7.5%.

Fortive Stock Performance

FTV opened at $61.05 on Friday. Fortive has a 52-week low of $46.34 and a 52-week high of $71.85. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The company has a market cap of $18.61 billion, a P/E ratio of 36.56 and a beta of 1.06. The firm’s 50-day moving average price is $60.21 and its 200-day moving average price is $57.32.

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

Insider Transactions at Fortive

In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of Fortive stock in a transaction that occurred 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 directly owned 87,780 shares in the company, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in Fortive by 208.8% during the third quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 22,271 shares in the last quarter. Pacific Capital Partners Ltd acquired a new stake in shares of Fortive during the 4th quarter worth approximately $1,794,000. Aberdeen Group plc grew its stake in shares of Fortive by 12.0% during the 4th quarter. Aberdeen Group plc now owns 353,520 shares of the technology company’s stock worth $19,518,000 after purchasing an additional 37,828 shares during the period. SG Americas Securities LLC increased its holdings in shares of Fortive by 116.7% during the 4th quarter. SG Americas Securities LLC now owns 174,386 shares of the technology company’s stock valued at $9,628,000 after purchasing an additional 93,896 shares in the last quarter. Finally, Okabena Investment Services Inc. purchased a new position in shares of Fortive during the 3rd quarter valued at approximately $894,000. Hedge funds and other institutional investors own 94.94% 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.