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

Key Points

• Representative Gilbert Ray Cisneros, Jr. sold shares of Fortive Corporation (NYSE:FTV) worth between $15,001 and $50,000 on September 30th.
• The company's stock has experienced a decline, with a current price of $48.63 compared to a 1-year high of $83.32.
• Fortive recently announced a quarterly dividend of $0.06, resulting in an annualized yield of 0.5% with a payout ratio of 10.81%.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Fortive Corporation (NYSE:FTV). In a filing disclosed on October 10th, the Representative disclosed that they had sold between $15,001 and $50,000 in Fortive stock on September 30th. 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 StandardAero NYSE: SARO on 10/1/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 10/1/2025.
• Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 9/30/2025.
• Sold $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of PTC NASDAQ: PTC on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of CoStar Group NASDAQ: CSGP on 9/30/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi Heavy Industries OTCMKTS: MHVYF on 9/30/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 9/30/2025.

Fortive Stock Performance

NYSE:FTV opened at $48.63 on Tuesday. The business has a 50 day moving average of $48.38 and a 200 day moving average of $58.74. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.03 and a beta of 1.15. Fortive Corporation has a 1-year low of $46.34 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.98 and a quick ratio of 0.82.

Fortive (NYSE:FTV - Get Free Report) last released its earnings results on Monday, June 9th. The technology company reported $0.80 earnings per share for the quarter. The company had revenue of $1.07 billion during the quarter. Fortive had a return on equity of 11.96% and a net margin of 13.62%. On average, sell-side analysts predict that Fortive Corporation will post 4.05 earnings per share for the current fiscal year.

Fortive Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.06 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Fortive's payout ratio is presently 10.81%.

Hedge Funds Weigh In On Fortive

Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC increased its stake in shares of Fortive by 815.4% during the second 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 period. Accent Capital Management LLC purchased a new position in shares of Fortive during the first quarter valued at approximately $26,000. Global X Japan Co. Ltd. increased its stake in shares of Fortive by 114.2% during the first quarter. Global X Japan Co. Ltd. now owns 377 shares of the technology company's stock valued at $28,000 after buying an additional 201 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 valued at $37,000 after buying an additional 357 shares during the period. Finally, Capital Analysts LLC increased its stake in shares of Fortive by 41.0% during the first quarter. Capital Analysts LLC now owns 523 shares of the technology company's stock valued at $38,000 after buying an additional 152 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on FTV. Barclays set a $54.00 target price on Fortive and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Zacks Research upgraded Fortive from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Cowen downgraded Fortive from a "buy" rating to a "hold" rating in a research report on Tuesday, July 15th. Mizuho lowered their price objective on Fortive from $85.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. Finally, Melius downgraded Fortive from a "buy" rating to a "hold" rating and set a $62.00 price objective for the company. in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.

About Fortive

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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