Fortive Corporation $FTV Shares Bought by Dodge & Cox

Key Points

• Dodge & Cox raised its stake in Fortive by 28.4% in Q3, buying 9.42M shares to own 42,595,794 shares (about 13.41% of the company) valued at roughly $2.09 billion.
• Fortive beat quarterly EPS expectations ($0.90 vs. $0.83) and set FY2026 guidance of $2.90–3.00 per share; analysts' consensus remains an average "Hold" with a $60.85 price target.
• The company announced a quarterly dividend of $0.06 (annualized $0.24) for a yield of 0.4%, payable March 27 with an ex-dividend date of March 13.

Dodge & Cox raised its stake in shares of Fortive Corporation (NYSE:FTV - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,595,794 shares of the technology company's stock after purchasing an additional 9,422,189 shares during the period. Dodge & Cox owned 13.41% of Fortive worth $2,086,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in shares of Fortive by 246.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock worth $37,000 after purchasing an additional 357 shares during the last quarter. Quent Capital LLC acquired a new stake in Fortive in the 3rd quarter worth about $28,000. Exchange Traded Concepts LLC increased its stake in Fortive by 46.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company's stock worth $36,000 after buying an additional 236 shares in the last quarter. J.Safra Asset Management Corp increased its stake in Fortive by 71.1% during the 3rd quarter. J.Safra Asset Management Corp now owns 782 shares of the technology company's stock worth $38,000 after buying an additional 325 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Fortive during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction that occurred 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 sale, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Fortive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 13th. Mizuho reissued an "underperform" rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Barclays raised their price objective on Fortive from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Monday, February 9th. Robert W. Baird set a $65.00 target price on shares of Fortive in a research note on Thursday, February 5th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.85.

Fortive Stock Performance

NYSE FTV opened at $54.23 on Friday. The stock has a fifty day simple moving average of $56.37 and a 200-day simple moving average of $52.87. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market cap of $16.69 billion, a PE ratio of 31.34, a P/E/G ratio of 2.97 and a beta of 1.10. Fortive Corporation has a twelve month low of $46.34 and a twelve month high of $76.54.

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

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 dividend on an annualized basis and a dividend yield of 0.4%. Fortive's dividend payout ratio (DPR) is presently 13.87%.

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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