Fortive Corporation $FTV Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Fortive Corporation (NYSE:FTV) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,116,334 shares of the technology company’s stock after selling 297,515 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Fortive worth $1,916,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after buying an additional 424 shares during the period. Geneos Wealth Management Inc. grew its position in Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. Quent Capital LLC acquired a new position in Fortive in the 3rd quarter valued at about $28,000. Exchange Traded Concepts LLC increased its stake in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after purchasing an additional 236 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in shares of Fortive by 71.1% during the third quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company’s stock worth $38,000 after purchasing an additional 325 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the transaction, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

Fortive Stock Down 0.9%

Fortive stock opened at $57.80 on Friday. The stock has a market cap of $18.36 billion, a PE ratio of 33.41, a P/E/G ratio of 3.14 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. The stock’s fifty day moving average is $55.70 and its two-hundred day moving average is $51.81. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $83.32.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, sell-side analysts expect that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTV has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. Wells Fargo & Company upped their price objective on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Robert W. Baird set a $65.00 target price on Fortive in a report on Thursday, February 5th. Finally, Truist Financial restated a “hold” rating and set a $58.00 price target (up previously from $55.00) on shares of Fortive in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Fortive currently has an average rating of “Hold” and a consensus target price of $60.85.

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.