State of Wyoming Takes Position in Fortive Corporation $FTV

State of Wyoming purchased a new stake in Fortive Corporation (NYSE:FTV) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,323 shares of the technology company’s stock, valued at approximately $460,000.

Other institutional investors have also recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of Fortive in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. increased its holdings in Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after purchasing an additional 357 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after purchasing an additional 168 shares during the period. Main Street Group LTD acquired a new stake in shares of Fortive in the 1st quarter valued at about $31,000. Finally, Dorato Capital Management bought a new stake in shares of Fortive in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FTV shares. Citigroup increased their price objective on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on Fortive from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Zacks Research downgraded Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Argus raised shares of Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective 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. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.00.

Fortive Stock Up 2.9%

Shares of FTV stock opened at $62.39 on Friday. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $64.33. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 37.36 and a beta of 1.06. The firm’s 50-day moving average is $60.82 and its 200-day moving average is $58.50. 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 (NYSE:FTV) last posted its quarterly 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 return on equity of 12.66% and a net margin of 12.84%.The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.85 earnings per share. Fortive’s quarterly revenue was up 7.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Sell-side analysts predict that Fortive Corporation will post 2.98 EPS for the current year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is currently 14.37%.

Fortive declared that its board has approved a stock repurchase plan on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $60.81, for a total value of $2,891,941.17. Following the transaction, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. This represents a 35.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% 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.