Rakuten Investment Management Inc. Buys Shares of 48,707 Fortive Corporation $FTV

31 Aug 2026, 09:29 by Danessa Lincoln · The Markets Daily

Rakuten Investment Management Inc. bought a new position in shares of Fortive Corporation (NYSE:FTV – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 48,707 shares of the technology company’s stock, valued at approximately $2,955,000.

Other hedge funds also recently made changes to their positions in the company. North Star Asset Management Inc. purchased a new position in shares of Fortive in the second quarter valued at $357,000. Empowered Funds LLC purchased a new stake in Fortive during the 2nd quarter worth about $1,150,000. United Capital Financial Advisors LLC purchased a new stake in Fortive during the 2nd quarter worth about $598,000. Jefferies Financial Group Inc. bought a new position in Fortive in the 2nd quarter worth about $2,109,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Fortive during the 2nd quarter valued at about $5,726,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Fortive Stock Down 0.1%

Shares of NYSE FTV opened at $59.64 on Monday. The firm’s fifty day moving average is $61.07 and its 200 day moving average is $59.46. Fortive Corporation has a 52 week low of $46.54 and a 52 week high of $64.56. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.58. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.47 and a beta of 1.06.

Fortive (NYSE:FTV – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. On average, equities research analysts expect that Fortive Corporation will post 3.02 earnings per share for the current year.

Fortive declared that its board has approved a share repurchase plan on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Fortive Increases Dividend

The company also recently disclosed 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 represents a $0.28 annualized dividend and a dividend yield of 0.5%. This is a positive change from Fortive’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 4th. Fortive’s payout ratio is currently 14.20%.

Wall Street Analyst Weigh In

FTV has been the subject of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $68.00 price target (up from $67.00) on shares of Fortive in a research report on Thursday, July 30th. Argus reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Fortive in a research note on Wednesday, August 19th. Morgan Stanley lifted their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report 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 note on Tuesday, May 12th. Finally, Weiss Ratings downgraded Fortive from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Two 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. According to data from MarketBeat, Fortive currently has an average rating of “Hold” and an average target price of $63.10.

Get Our Latest Stock Analysis on FTV

Fortive Profile

(Free Report)

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.