Key Points
- Insider sale: Fortive SVP Peter Underwood sold 47,557 shares on May 4 at an average price of $60.81 for roughly $2.89M, trimming his stake by 35.14% to 87,780 shares (≈$5.34M).
- Share repurchase: The Board authorized a buyback of up to 20,000,000 outstanding shares on May 4, signaling management believes the stock may be undervalued.
- Strong quarter and guidance: Fortive beat Q1 estimates with $0.70 EPS vs. $0.64 and $2.14B revenue (up 7.7% YoY), and set FY2026 guidance of $2.90–$3.00 EPS (analyst consensus ~2.95).
Fortive Corporation (NYSE:FTV - Get Free Report) SVP Peter Underwood sold 47,557 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $60.81, for a total value of $2,891,941.17. Following the sale, the senior vice president owned 87,780 shares in the company, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Fortive Stock Down 0.2%
FTV opened at $60.60 on Thursday. The business's fifty day moving average is $57.82 and its two-hundred day moving average is $55.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.71. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.27 and a beta of 1.09. Fortive Corporation has a one year low of $46.34 and a one year high of $74.67.
Fortive (NYSE:FTV - Get Free Report) last posted its earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.85 earnings per share. Fortive's quarterly revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts anticipate that Fortive Corporation will post 2.95 EPS for the current fiscal year.
Fortive announced that its Board of Directors has initiated a stock buyback plan on Monday, May 4th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
Fortive Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 13th. Fortive's dividend payout ratio is currently 14.37%.
Hedge Funds Weigh In On Fortive
Several large investors have recently added to or reduced their stakes in FTV. Brighton Jones LLC lifted its position in Fortive by 97.1% during the fourth quarter. Brighton Jones LLC now owns 5,706 shares of the technology company's stock worth $428,000 after buying an additional 2,811 shares during the period. Empowered Funds LLC lifted its position in Fortive by 6.9% during the first quarter. Empowered Funds LLC now owns 6,619 shares of the technology company's stock worth $484,000 after buying an additional 430 shares during the period. Geneos Wealth Management Inc. lifted its position in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company's stock worth $37,000 after buying an additional 357 shares during the period. EverSource Wealth Advisors LLC lifted its position in Fortive by 87.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,270 shares of the technology company's stock worth $118,000 after buying an additional 1,062 shares during the period. Finally, Cerity Partners LLC lifted its position in Fortive by 3.3% during the second quarter. Cerity Partners LLC now owns 80,595 shares of the technology company's stock worth $4,201,000 after buying an additional 2,548 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Fortive from $57.00 to $63.00 and gave the company an "underweight" rating in a research report on Wednesday, February 11th. Truist Financial restated a "hold" rating and issued a $61.00 price objective (up from $56.00) on shares of Fortive in a research report on Monday. Wells Fargo & Company upped their price objective on Fortive from $58.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday. Robert W. Baird set a $65.00 price objective on Fortive in a research report on Thursday, February 5th. Finally, Zacks Research downgraded Fortive from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $60.92.
Check Out Our Latest Analysis on Fortive
About Fortive
(
Get Free Report)
Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive's activities on higher‑margin instrumentation, software and services.
Fortive's operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.
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