Tudor Investment Corp ET AL Sells 602,259 Shares of Fortive Corporation $FTV

Key Points

• Tudor Investment Corp ET AL sold 602,259 shares of Fortive in Q3, cutting its stake by 96.2% to 23,779 shares worth $1.165 million.
• Other major institutions increased exposure—Dodge & Cox holds 42.6M shares, Viking Global 20.48M and Barrow Hanley added 3.1M—leaving institutional ownership at 94.94%.
• Analysts' consensus is a Hold with a target price of $61.23, while several firms (e.g., RBC, Barclays) have raised targets into the low‑to‑mid $60s.

Tudor Investment Corp ET AL lowered its holdings 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 Securities and Exchange Commission. The institutional investor owned 23,779 shares of the technology company's stock after selling 602,259 shares during the quarter. Tudor Investment Corp ET AL's holdings in Fortive were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in Fortive by 28.4% during the 3rd quarter. Dodge & Cox now owns 42,595,794 shares of the technology company's stock valued at $2,086,768,000 after buying an additional 9,422,189 shares in the last quarter. Viking Global Investors LP lifted its holdings in shares of Fortive by 28.7% in the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company's stock worth $1,003,495,000 after buying an additional 4,571,056 shares in the last quarter. State Street Corp lifted its holdings 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 worth $738,013,000 after buying an additional 92,222 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Fortive by 55.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,709,913 shares of the technology company's stock worth $426,699,000 after acquiring an additional 3,096,711 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Fortive by 7.1% during the third quarter. Invesco Ltd. now owns 7,507,930 shares of the technology company's stock worth $367,814,000 after acquiring an additional 497,714 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the sale, the director directly owned 31,775 shares of the company's stock, valued at $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 available at this link. 0.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on FTV shares. Morgan Stanley lifted their price target on shares of Fortive from $53.00 to $58.00 and gave the company an "equal weight" rating in a report on Wednesday, March 18th. Barclays increased their price objective on shares of Fortive from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their target price on Fortive from $57.00 to $63.00 and gave the stock an "underweight" rating in a report on Wednesday, February 11th. Royal Bank Of Canada boosted their target price on Fortive from $56.00 to $65.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Fortive in a research note on Monday, December 29th. One 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.23.

Fortive Price Performance

FTV stock opened at $53.95 on Monday. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $74.67. The firm has a market capitalization of $16.61 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. The company has a fifty day simple moving average of $56.34 and a two-hundred day simple moving average of $53.44. 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 (NYSE:FTV - Get Free Report) last posted its earnings results 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 firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts anticipate that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders 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 dividend payout ratio is 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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