Insider Selling: Fortive (NYSE:FTV) Director Sells 7,131 Shares of Stock

Fortive Corporation (NYSE:FTV) Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the sale, the director owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fortive Trading Down 0.9%

Fortive stock traded down $0.53 during trading hours on Thursday, reaching $57.80. 2,360,511 shares of the company’s stock traded hands, compared to its average volume of 4,465,473. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 3.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. Fortive Corporation has a fifty-two week low of $46.34 and a fifty-two week high of $83.32. The firm’s 50 day moving average is $55.65 and its 200-day moving average is $51.77.

Fortive (NYSE:FTV) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.17 EPS. Fortive’s revenue was up 4.7% on a year-over-year basis. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts predict that Fortive Corporation will post 4.05 earnings per share for the current year.

Institutional Investors Weigh In On Fortive

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Fortive by 97.1% in the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock valued at $428,000 after purchasing an additional 2,811 shares during the period. Empowered Funds LLC grew its holdings in shares of Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company’s stock worth $484,000 after buying an additional 430 shares in the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 357 shares during the last quarter. CWM LLC raised its position in Fortive by 50.4% in the 2nd quarter. CWM LLC now owns 17,408 shares of the technology company’s stock valued at $907,000 after buying an additional 5,832 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Fortive by 53.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 30,434 shares of the technology company’s stock valued at $1,587,000 after acquiring an additional 10,610 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FTV shares. Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. Truist Financial restated a “hold” rating and set a $58.00 target price (up previously from $55.00) on shares of Fortive in a report on Thursday, October 30th. Barclays boosted their target price on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.85.

About Fortive

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.