Empowered Funds LLC Makes New $1.15 Million Investment in Fortive Corporation $FTV

Empowered Funds LLC acquired a new position in shares of Fortive Corporation (NYSE:FTV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,824 shares of the technology company’s stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Fortive during the 2nd quarter worth about $1,626,463,000. Flossbach Von Storch SE purchased a new position in shares of Fortive in the 2nd quarter valued at about $739,668,000. Norges Bank acquired a new position in shares of Fortive during the fourth quarter worth about $491,928,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Fortive during the second quarter worth about $527,526,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fortive by 102,687.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,487,060 shares of the technology company’s stock worth $413,361,000 after buying an additional 7,479,776 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.59, for a total transaction of $533,492.58. Following the completion of the sale, the senior vice president owned 79,118 shares in the company, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Fortive Trading Down 1.0%

Shares of Fortive stock opened at $56.97 on Friday. 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 company has a fifty day simple moving average of $60.69 and a 200-day simple moving average of $59.42. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.39 and a beta of 1.05. Fortive Corporation has a 12-month low of $47.01 and a 12-month high of $64.56.

Fortive (NYSE:FTV) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $0.90 EPS. The firm’s quarterly revenue 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 fiscal year.

Fortive Increases Dividend

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

Wall Street Analysts Forecast Growth

FTV has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Fortive from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Truist Financial restated a “hold” rating and issued a $68.00 price objective (up from $67.00) on shares of Fortive in a report on Thursday, July 30th. Morgan Stanley boosted their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. increased their target price on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. Finally, Argus restated a “buy” rating and issued a $68.00 price target on shares of Fortive in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Fortive presently has a consensus rating of “Hold” and a consensus price target of $63.10.

Fortive 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.