Blair William & Co. IL Cuts Stake in Fortive Corporation $FTV

Key Points

• Blair William & Co. IL cut its stake in Fortive by 31.6% in Q3, selling 85,193 shares and retaining 184,469 shares worth about $9.04 million.
• Director Kate Mitchell sold 7,131 shares on February 18 at an average $58.34 (≈$416,022), reducing her ownership by 18.33%.
• Fortive beat quarterly EPS ($0.90 vs. $0.83), set FY2026 guidance of 2.90–3.00 EPS, and announced a $0.06 quarterly dividend (≈0.4% yield).

Blair William & Co. IL lessened its stake in shares of Fortive Corporation (NYSE:FTV - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,469 shares of the technology company's stock after selling 85,193 shares during the period. Blair William & Co. IL owned 0.06% of Fortive worth $9,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Fortive by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company's stock worth $2,054,644,000 after buying an additional 839,321 shares during the last quarter. Dodge & Cox raised its holdings in shares of Fortive by 51.5% during the second quarter. Dodge & Cox now owns 33,173,605 shares of the technology company's stock valued at $1,729,340,000 after acquiring an additional 11,273,242 shares during the last quarter. Viking Global Investors LP raised its holdings in shares of Fortive by 22.9% during the second quarter. Viking Global Investors LP now owns 15,912,624 shares of the technology company's stock valued at $829,525,000 after acquiring an additional 2,962,502 shares during the last quarter. State Street Corp lifted its position in shares of Fortive by 0.7% in the second quarter. State Street Corp now owns 14,157,168 shares of the technology company's stock valued at $738,013,000 after acquiring an additional 92,222 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Fortive by 2.5% in the second quarter. Geode Capital Management LLC now owns 8,689,681 shares of the technology company's stock valued at $451,093,000 after acquiring an additional 211,694 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kate Mitchell sold 7,131 shares of the company's stock in a transaction dated 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 sale, the director owned 31,775 shares of the company's stock, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.92% of the company's stock.

Fortive Price Performance

NYSE:FTV opened at $56.37 on Tuesday. Fortive Corporation has a one year low of $46.34 and a one year high of $76.54. The stock has a market cap of $17.35 billion, a PE ratio of 32.58, a P/E/G ratio of 3.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The stock has a 50 day moving average price of $56.38 and a 200 day moving average price of $52.74.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities research analysts expect that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive's payout ratio is presently 13.87%.

Analysts Set New Price Targets

FTV has been the subject of several research reports. Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. Citigroup raised their price objective on Fortive from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Zacks Research raised shares of Fortive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their target price on shares of Fortive from $56.00 to $65.00 and gave the stock a "sector perform" rating in a report on Thursday, February 5th. Finally, Mizuho reiterated an "underperform" rating and issued a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.

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