Tudor Investment Corp ET AL Has $1.17 Million Stock Holdings in Fortive Corporation $FTV

Key Points

• Tudor Investment Corp ET AL slashed its Fortive stake by 96.2% in Q3, selling 602,259 shares and retaining 23,779 shares worth about $1.17 million.
• Fortive beat Q results with EPS $0.90 vs. $0.83 and revenue $1.12B vs. $1.09B, set FY2026 guidance of 2.90–3.00 EPS, and carries a MarketBeat consensus rating of "Hold" with a $60.17 target.
• Director Kate Mitchell sold 7,131 shares at $58.34 (an 18.33% reduction in her holding); insiders own ~0.92% of the stock while institutional investors hold ~94.94%.

Tudor Investment Corp ET AL cut its stake in shares of Fortive Corporation (NYSE:FTV - Free Report) by 96.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,779 shares of the technology company's stock after selling 602,259 shares during the period. Tudor Investment Corp ET AL's holdings in Fortive were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FTV. Brighton Jones LLC lifted its position in shares of Fortive by 97.1% in the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock valued at $428,000 after buying an additional 2,811 shares during the last quarter. Empowered Funds LLC increased its stake 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 purchasing an additional 430 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Fortive by 246.2% during the first 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 period. EverSource Wealth Advisors LLC increased its stake in shares of Fortive by 87.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company's stock worth $118,000 after purchasing an additional 1,062 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Fortive by 3.3% during the second quarter. Cerity Partners LLC now owns 80,595 shares of the technology company's stock worth $4,201,000 after purchasing an additional 2,548 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on Fortive from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Mizuho reiterated an "underperform" rating and set a $51.00 target price (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Morgan Stanley increased their target price on Fortive from $53.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 18th. Wells Fargo & Company lowered their target price on Fortive from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 1st. Finally, Zacks Research upgraded Fortive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 13th. One research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Fortive currently has an average rating of "Hold" and a consensus target price of $60.17.

Insiders Place Their Bets

In related news, Director Kate Mitchell sold 7,131 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the sale, the director owned 31,775 shares in the company, valued at $1,853,753.50. The trade was a 18.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by corporate insiders.

Fortive Trading Up 2.5%

Shares of FTV opened at $59.82 on Tuesday. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $74.67. The business's fifty day moving average is $57.08 and its 200-day moving average is $54.10. 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 firm has a market cap of $18.42 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.15 and a beta of 1.09.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $1.17 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Equities analysts anticipate that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Fortive's payout ratio is currently 13.87%.

Fortive Company Profile

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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