Hsbc Holdings PLC Makes New Investment in Fortive Corporation $FTV

Hsbc Holdings PLC acquired a new position in shares of Fortive Corporation (NYSE:FTV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 996,271 shares of the technology company’s stock, valued at approximately $60,884,000. Hsbc Holdings PLC owned about 0.33% of Fortive at the end of the most recent quarter.

Several other large investors have also modified their holdings of FTV. BlackRock Inc. purchased a new stake in Fortive in the second quarter valued at $1,626,463,000. Flossbach Von Storch SE acquired a new stake in shares of Fortive during the second quarter worth about $739,668,000. Norges Bank acquired a new stake in shares of Fortive during the fourth quarter worth about $491,928,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Fortive in the 2nd quarter valued at about $527,526,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fortive by 102,687.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company’s stock valued at $413,361,000 after purchasing an additional 7,479,776 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 8,662 shares of the firm’s 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 $4,872,877.62. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Fortive Stock Performance

Shares of FTV stock opened at $60.30 on Thursday. 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 50 day simple moving average of $61.12 and a 200-day simple moving average of $59.47. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Fortive Corporation has a 12-month low of $46.54 and a 12-month high of $64.56.

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 analysts’ consensus estimates of $0.71 by $0.03. Fortive had a return on equity of 15.33% and a net margin of 12.38%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, equities analysts forecast that Fortive Corporation will post 3.02 EPS for the current year.

Fortive announced that its board has initiated a share buyback plan on Monday, May 4th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Fortive Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.07 per share. This is a boost from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. Fortive’s dividend payout ratio is currently 14.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. 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 report on Friday, May 1st. Argus reiterated a “buy” rating and issued a $68.00 target price on shares of Fortive in a research note on Wednesday, August 19th. Citigroup upped their price objective on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their target price on shares of Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.10.

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.