Key Points
- Fortive SVP Peter Underwood sold 8,662 shares at an average price of $61.59, totaling approximately $533,493. He retained 79,118 shares after the transaction, a 9.87% reduction in his direct ownership.
- Fortive reported quarterly EPS of $0.74, beating estimates by $0.03, while revenue rose 8% year over year to $1.10 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.95–$3.05.
- Analysts maintain a consensus “Hold” rating with an average price target of $63.10. Fortive also authorized a 20 million-share buyback and pays a quarterly dividend of $0.06 per share.
Fortive Corporation (NYSE:FTV - Get Free Report) SVP Peter Underwood sold 8,662 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the sale, the senior vice president directly owned 79,118 shares of the company's stock, valued at approximately $4,872,877.62. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Fortive Trading Down 0.1%
NYSE:FTV opened at $61.70 on Wednesday. The stock has a market cap of $18.63 billion, a PE ratio of 36.51 and a beta of 1.06. Fortive Corporation has a fifty-two week low of $46.54 and a fifty-two week high of $64.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.24 and a quick ratio of 1.00. The stock's 50-day moving average is $61.24 and its two-hundred day moving average is $59.05.
Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Fortive had a net margin of 12.38% and a return on equity of 15.33%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the company posted $0.90 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. As a group, equities research analysts forecast that Fortive Corporation will post 3.01 earnings per share for the current fiscal year.
Fortive declared that its board has authorized a share buyback program on Monday, May 4th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Fortive Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 22nd. Fortive's payout ratio is currently 14.20%.
Analysts Set New Price Targets
A number of research analysts have commented on FTV shares. Citigroup boosted their target price on Fortive from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Weiss Ratings cut Fortive from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Fortive from $63.00 to $64.00 and gave the company an "underweight" rating in a research report on Tuesday, May 12th. Truist Financial reiterated a "hold" rating and issued a $68.00 target price (up from $67.00) on shares of Fortive in a research note on Thursday, July 30th. Finally, Zacks Research lowered shares of Fortive from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fortive has an average rating of "Hold" and a consensus target price of $63.10.
Get Our Latest Stock Report on FTV
Institutional Investors Weigh In On Fortive
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ieq Capital LLC bought a new stake in Fortive during the second quarter worth approximately $262,000. Callan Family Office LLC bought a new stake in shares of Fortive during the 2nd quarter worth $5,619,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Fortive during the 2nd quarter worth $30,000. Allworth Financial LP acquired a new position in Fortive in the 2nd quarter valued at $84,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in Fortive in the 2nd quarter worth $5,838,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
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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