Rep. Robert Bresnahan, Jr. Buys Fortive Co. (NYSE:FTV) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Fortive Co. NYSE: FTV. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fortive stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Fortive Price Performance

Shares of NYSE:FTV traded down $0.21 on Thursday, reaching $72.50. 340,695 shares of the company traded hands, compared to its average volume of 2,465,478. The company's 50 day moving average is $69.84 and its 200-day moving average is $74.88. The stock has a market capitalization of $24.64 billion, a PE ratio of 30.65, a P/E/G ratio of 2.68 and a beta of 1.10. Fortive Co. has a fifty-two week low of $60.39 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. As a group, analysts anticipate that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.44%. Fortive's dividend payout ratio (DPR) is 14.04%.

Institutional Investors Weigh In On Fortive

A number of large investors have recently bought and sold shares of FTV. T. Rowe Price Investment Management Inc. grew its holdings in Fortive by 9.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 42,947,135 shares of the technology company's stock worth $3,221,036,000 after purchasing an additional 3,810,997 shares during the period. Dodge & Cox grew its position in Fortive by 181.5% in the 1st quarter. Dodge & Cox now owns 21,900,363 shares of the technology company's stock worth $1,602,669,000 after purchasing an additional 14,120,456 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Fortive by 50.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,112,403 shares of the technology company's stock worth $959,567,000 after buying an additional 4,382,242 shares during the period. Flossbach Von Storch SE raised its position in shares of Fortive by 1.2% during the 4th quarter. Flossbach Von Storch SE now owns 11,903,240 shares of the technology company's stock valued at $892,743,000 after buying an additional 137,479 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Fortive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,294,930 shares of the technology company's stock valued at $620,480,000 after acquiring an additional 103,015 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Stacey A. Walker sold 3,002 shares of Fortive stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $79.05, for a total transaction of $237,308.10. Following the completion of the sale, the senior vice president now owns 42,373 shares in the company, valued at $3,349,585.65. This trade represents a 6.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Peter C. Underwood sold 14,327 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $73.88, for a total transaction of $1,058,478.76. Following the sale, the senior vice president now directly owns 51,750 shares in the company, valued at approximately $3,823,290. This represents a 21.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,712 shares of company stock worth $20,567,008. 1.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FTV shares. Wells Fargo & Company upped their price target on shares of Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Citigroup decreased their price target on shares of Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays dropped their target price on shares of Fortive from $85.00 to $84.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Robert W. Baird lowered their target price on shares of Fortive from $88.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fortive from $90.00 to $73.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortive currently has a consensus rating of "Moderate Buy" and an average target price of $80.85.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.