Callan Family Office LLC Purchases New Shares in Fortive Corporation $FTV

Key Points

• Callan Family Office LLC purchased 91,979 Fortive shares during the second quarter, valued at approximately $5.6 million. Institutional investors collectively own 94.94% of Fortive’s outstanding stock.
• Fortive’s latest quarterly results exceeded expectations, with adjusted earnings of $0.74 per share versus the $0.71 consensus estimate and revenue of $1.10 billion, up 8% year over year. The company expects fiscal 2026 earnings of $2.95–$3.05 per share.
• Fortive raised its quarterly dividend to $0.07 per share and has authorization to repurchase up to 20 million shares. Analysts maintain a consensus “Hold” rating with an average price target of $63.10, compared with the stock’s recent price near $60.

Callan Family Office LLC bought a new stake in shares of Fortive Corporation (NYSE:FTV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 91,979 shares of the technology company's stock, valued at approximately $5,619,000.

Other institutional investors also recently modified their holdings of the company. DV Equities LLC purchased a new stake in Fortive in the fourth quarter worth about $25,000. Virtus Advisers LLC purchased a new position in shares of Fortive during the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Fortive during the second quarter valued at approximately $30,000. Root Financial Partners LLC boosted its position 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 worth $31,000 after purchasing an additional 168 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of Fortive in the 1st quarter worth approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

Shares of FTV opened at $60.14 on Friday. The company has a market capitalization of $18.16 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.06. 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 firm has a 50 day moving average of $61.16 and a 200 day moving average of $59.39. Fortive Corporation has a twelve month low of $46.54 and a twelve month high of $64.56.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts anticipate that Fortive Corporation will post 3.02 earnings per share for the current fiscal year.

Fortive Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.07 dividend. This is an increase from Fortive's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. Fortive's dividend payout ratio (DPR) is presently 14.20%.

Fortive declared that its board has initiated a stock buyback plan on Monday, May 4th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FTV has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Fortive from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. Argus reissued a "buy" rating and issued a $68.00 target price on shares of Fortive in a report on Wednesday. Wells Fargo & Company increased their target price on Fortive from $58.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, May 4th. Morgan Stanley raised their price target on Fortive from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Fortive from $63.00 to $64.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.10.

Insider Activity

In other news, SVP Peter C. Underwood sold 8,662 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total transaction of $533,492.58. Following the transaction, the senior vice president directly owned 79,118 shares of the company's stock, valued at $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by insiders.

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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