Rep. Thomas H. Kean, Jr. Sells Fortive Co. (NYSE:FTV) Shares

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Fortive Co. NYSE: FTV. In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortive stock on April 10th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 4/24/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Illumina NASDAQ: ILMN on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of nVent Electric NYSE: NVT on 4/1/2025.

Fortive Stock Performance

Shares of Fortive stock traded down $0.57 on Wednesday, reaching $71.38. 1,071,179 shares of the stock were exchanged, compared to its average volume of 2,510,575. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $24.26 billion, a PE ratio of 30.24, a PEG ratio of 2.68 and a beta of 1.10. Fortive Co. has a 1-year low of $60.39 and a 1-year high of $83.32. The business has a fifty day moving average price of $69.74 and a two-hundred day moving average price of $74.88.

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

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, April 30th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 30th. Fortive's payout ratio is 14.04%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FTV shares. BNP Paribas lowered shares of Fortive from an "outperform" rating to a "neutral" rating and set a $67.00 target price on the stock. in a research report on Wednesday, April 9th. Truist Financial lowered their price target on Fortive from $90.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on Fortive from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. StockNews.com downgraded Fortive from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Citigroup dropped their price target on Fortive from $84.00 to $69.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.92.

Institutional Investors Weigh In On Fortive

Hedge funds have recently modified their holdings of the stock. Czech National Bank increased its holdings in shares of Fortive by 5.3% during the 4th quarter. Czech National Bank now owns 75,186 shares of the technology company's stock worth $5,639,000 after buying an additional 3,818 shares during the last quarter. Wedmont Private Capital increased its position in Fortive by 4.3% during the 4th quarter. Wedmont Private Capital now owns 3,346 shares of the technology company's stock worth $252,000 after purchasing an additional 137 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Fortive by 6.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,085 shares of the technology company's stock valued at $231,000 after buying an additional 195 shares in the last quarter. Mirador Capital Partners LP increased its position in shares of Fortive by 1.6% in the fourth quarter. Mirador Capital Partners LP now owns 10,980 shares of the technology company's stock worth $824,000 after acquiring an additional 171 shares in the last quarter. Finally, RDA Financial Network raised its stake in shares of Fortive by 5.9% in the 4th quarter. RDA Financial Network now owns 4,796 shares of the technology company's stock valued at $360,000 after acquiring an additional 269 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fortive

In related news, SVP Stacey A. Walker sold 5,688 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $80.52, for a total transaction of $457,997.76. Following the sale, the senior vice president now directly owns 47,141 shares in the company, valued at approximately $3,795,793.32. This trade represents a 10.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Christopher M. Mulhall sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $79.95, for a total transaction of $519,115.35. Following the completion of the sale, the chief accounting officer now directly owns 24,283 shares of the company's stock, valued at $1,941,425.85. This trade represents a 21.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,712 shares of company stock worth $33,237,008. 1.01% of the stock is currently owned by corporate insiders.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.