Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Fortive Co. (NYSE:FTV)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Fortive Co. (NYSE:FTV). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fortive stock on January 7th. 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):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.

Fortive Stock Down 1.3 %

FTV stock traded down $1.08 during trading on Friday, hitting $80.59. 2,713,487 shares of the company's stock traded hands, compared to its average volume of 2,179,319. The firm has a market capitalization of $27.96 billion, a P/E ratio of 32.11, a PEG ratio of 2.14 and a beta of 1.15. The business has a fifty day simple moving average of $77.83 and a two-hundred day simple moving average of $75.71. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. Fortive Co. has a 1 year low of $66.15 and a 1 year high of $87.10.

Fortive (NYSE:FTV - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same quarter last year, the business earned $0.98 EPS. Sell-side analysts anticipate that Fortive Co. will post 3.84 EPS for the current year.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive's payout ratio is 12.75%.

Hedge Funds Weigh In On Fortive

Several institutional investors and hedge funds have recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co boosted its holdings in Fortive by 42.8% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 6,936 shares of the technology company's stock valued at $520,000 after purchasing an additional 2,080 shares during the last quarter. South Plains Financial Inc. acquired a new position in shares of Fortive in the 4th quarter worth approximately $83,000. Cypress Advisory Group LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $1,031,000. Third Point LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $142,500,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $26,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FTV. Royal Bank of Canada lifted their price objective on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Argus reiterated a "hold" rating on shares of Fortive in a research note on Monday, November 18th. Citigroup downgraded shares of Fortive from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $92.00 to $86.00 in a research note on Monday, December 9th. StockNews.com cut shares of Fortive from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Truist Financial raised their target price on shares of Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $87.64.

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.

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.