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

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

NYSE:FTV traded down $0.03 during trading hours on Tuesday, reaching $48.54. The company had a trading volume of 962,295 shares, compared to its average volume of 3,376,206. The firm has a market capitalization of $16.42 billion, a PE ratio of 21.89, a PEG ratio of 3.10 and a beta of 1.10. The stock has a 50-day moving average of $49.10 and a two-hundred day moving average of $62.42. Fortive Corporation has a one year low of $46.34 and a one year high of $83.32. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 0.28.

Fortive (NYSE:FTV - Get Free Report) last posted its 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). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Fortive had a return on equity of 11.96% and a net margin of 13.62%.The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Fortive has set its FY 2025 guidance at 2.500-2.600 EPS. Analysts forecast that Fortive Corporation will post 4.05 earnings per share for the current year.

Fortive declared that its Board of Directors has initiated a share buyback program on Tuesday, May 27th that authorizes the company to repurchase 15,630,000 shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Fortive Cuts Dividend

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

Wall Street Analysts Forecast Growth

FTV has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on Fortive from $58.00 to $56.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Truist Financial reaffirmed a "hold" rating and issued a $55.00 price target (down from $60.00) on shares of Fortive in a report on Thursday, July 31st. Cowen lowered shares of Fortive from a "buy" rating to a "hold" rating in a report on Tuesday, July 15th. Barclays set a $54.00 target price on shares of Fortive and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company lowered their target price on Fortive from $72.00 to $55.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 1st. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Fortive currently has an average rating of "Hold" and an average price target of $62.79.

Institutional Trading of Fortive

A number of large investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in shares of Fortive by 467.7% in the second quarter. Osaic Holdings Inc. now owns 100,248 shares of the technology company's stock valued at $5,226,000 after purchasing an additional 82,589 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Fortive by 9.5% during the second quarter. Thrivent Financial for Lutherans now owns 146,629 shares of the technology company's stock worth $7,644,000 after buying an additional 12,680 shares in the last quarter. Kentucky Retirement Systems lifted its position in shares of Fortive by 1.8% during the 2nd quarter. Kentucky Retirement Systems now owns 24,097 shares of the technology company's stock worth $1,256,000 after buying an additional 421 shares during the last quarter. Advisory Services Network LLC acquired a new position in Fortive during the second quarter worth about $447,000. Finally, Caxton Associates LLP lifted its holdings in shares of Fortive by 19.9% in the second quarter. Caxton Associates LLP now owns 33,446 shares of the technology company's stock worth $1,744,000 after acquiring an additional 5,546 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

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.

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