Fortive Corporation $FTV Shares Sold by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC cut its stake in Fortive by 94.9% in Q3, selling 34,306 shares and retaining just 1,850 shares valued at about $90,000.
• Fortive reported quarterly EPS of $0.90 versus $0.83 expected and set FY2026 guidance of 2.900–3.000 EPS, while analysts' consensus for the current fiscal year is roughly 4.05 EPS.
• Director Kate Mitchell sold 7,131 shares on Feb. 18 at an average price of $58.34, an 18.33% reduction in her holdings, with corporate insiders owning about 0.92% of the stock.

FNY Investment Advisers LLC decreased its holdings in shares of Fortive Corporation (NYSE:FTV - Free Report) by 94.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,850 shares of the technology company's stock after selling 34,306 shares during the quarter. FNY Investment Advisers LLC's holdings in Fortive were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FTV. HighTower Advisors LLC lifted its stake in Fortive by 208.8% in the 3rd quarter. HighTower Advisors LLC now owns 32,938 shares of the technology company's stock worth $1,614,000 after purchasing an additional 22,271 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Fortive by 14.0% in the third quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company's stock valued at $24,841,000 after purchasing an additional 62,127 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Fortive by 56.2% in the third quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company's stock valued at $3,799,000 after purchasing an additional 27,908 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Fortive by 2.2% in the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company's stock valued at $2,054,644,000 after purchasing an additional 839,321 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Fortive by 49.8% in the third quarter. Brookstone Capital Management now owns 76,393 shares of the technology company's stock valued at $3,742,000 after purchasing an additional 25,397 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Stock Performance

Shares of FTV stock opened at $55.15 on Friday. The firm has a 50 day moving average of $56.40 and a two-hundred day moving average of $53.11. The stock has a market capitalization of $16.98 billion, a PE ratio of 31.88, a P/E/G ratio of 3.00 and a beta of 1.10. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $76.54.

Fortive (NYSE:FTV - Get Free Report) last posted 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. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts predict that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, March 13th. Fortive's dividend payout ratio (DPR) is presently 13.87%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Mizuho reissued an "underperform" rating and set a $51.00 price objective (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Robert W. Baird set a $65.00 target price on Fortive in a research note on Thursday, February 5th. Barclays boosted their price target on shares of Fortive from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Monday, February 9th. Citigroup upped their price objective on shares of Fortive from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company raised their price objective on shares of Fortive from $59.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.23.

Insider Activity at Fortive

In related news, Director Kate Mitchell sold 7,131 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the sale, the director directly owned 31,775 shares in the company, valued at approximately $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company's stock.

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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