Rep. Gilbert Ray Cisneros, Jr. Sells Fortive Corporation (NYSE:FTV) Shares

Key Points

• Representative Gilbert Ray Cisneros, Jr. sold shares of Fortive Corporation valued between $1,001 and $15,000 on August 26th, as disclosed in a filing on September 12th.
• Fortive's recent earnings report showed a miss in EPS at $0.58, falling short of expectations, with revenue declining 0.4% year-over-year.
• The company's Board of Directors initiated a share buyback program authorizing the repurchase of 15,630,000 shares, indicating management believes the stock is undervalued.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Fortive Corporation (NYSE:FTV). In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortive stock on August 26th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/2/2025.
• Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 9/2/2025.
• Purchased $1,001 - $15,000 in shares of Avient NYSE: AVNT on 9/2/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/27/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 8/26/2025.
• Sold $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 8/26/2025.

Fortive Price Performance

Shares of FTV traded down $0.21 during midday trading on Friday, hitting $48.62. 9,949,870 shares of the company traded hands, compared to its average volume of 3,505,540. Fortive Corporation has a 52 week low of $46.34 and a 52 week high of $83.32. The firm has a 50 day moving average of $48.76 and a 200-day moving average of $61.82. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 3.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.98.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). Fortive had a return on equity of 11.96% and a net margin of 13.62%.The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Fortive has set its FY 2025 guidance at 2.500-2.600 EPS. On average, analysts forecast that Fortive Corporation will post 4.05 EPS for the current fiscal year.

Fortive declared that its board has approved a stock repurchase plan on Tuesday, May 27th that authorizes the company to buyback 15,630,000 shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Fortive Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 12th. Fortive's dividend payout ratio is 10.81%.

Hedge Funds Weigh In On Fortive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in Fortive in the 1st quarter worth $26,000. Accent Capital Management LLC purchased a new position in Fortive in the 1st quarter worth $26,000. Global X Japan Co. Ltd. raised its stake in Fortive by 114.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 377 shares of the technology company's stock worth $28,000 after acquiring an additional 201 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Fortive during the 4th quarter valued at about $30,000. Finally, True Wealth Design LLC raised its stake in shares of Fortive by 815.4% during the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company's stock valued at $25,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Fortive from $87.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. Wells Fargo & Company reduced their price target on Fortive from $72.00 to $55.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 1st. Morgan Stanley reiterated an "equal weight" rating and issued a $50.00 price target (down from $90.00) on shares of Fortive in a report on Tuesday, September 2nd. Zacks Research upgraded Fortive from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Finally, Cowen downgraded Fortive from a "buy" rating to a "hold" rating in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.79.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.