Fortive Corporation $FTV Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich raised its stake in Fortive Corporation (NYSE:FTV) by 221.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,239 shares of the technology company’s stock after acquiring an additional 208,304 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Fortive were worth $16,708,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. DV Equities LLC bought a new position in Fortive during the 4th quarter worth $25,000. Root Financial Partners LLC boosted its holdings in shares of Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after acquiring an additional 168 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after acquiring an additional 357 shares during the last quarter. Dorato Capital Management bought a new stake in Fortive in the 4th quarter valued at about $45,000. Finally, Hantz Financial Services Inc. boosted its stake in Fortive by 149.3% during the 4th quarter. Hantz Financial Services Inc. now owns 845 shares of the technology company’s stock valued at $47,000 after purchasing an additional 506 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Argus raised Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Monday, May 11th. Citigroup lifted their target price on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on 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. boosted their price target on shares of Fortive from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company raised their price objective on shares of Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fortive has an average rating of “Hold” and an average price target of $61.83.

Insider Activity at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the firm’s 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. This trade represents a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Fortive Stock Down 2.0%

Shares of Fortive stock opened at $61.33 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. Fortive Corporation has a 12-month low of $46.34 and a 12-month high of $64.33. The firm has a market capitalization of $18.70 billion, a PE ratio of 36.72 and a beta of 1.06. The stock’s fifty day moving average is $60.56 and its 200-day moving average is $58.03.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.Fortive’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities analysts anticipate that Fortive Corporation will post 2.97 earnings per share for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 22nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio is currently 14.37%.

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

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.