Rep. Emily Randall Sells Fortive Co. (NYSE:FTV) Stock

Representative Emily Randall (D-Washington) recently sold shares of Fortive Co. NYSE: FTV. In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortive stock on January 6th. The trade occurred in the Representative's "GARRET D. LEAHEY 2019 IRREVOCABLE F/B/O ALISON LEAHEY" account.

Representative Emily Randall also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 1/7/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Mondelez International NASDAQ: MDLZ on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 1/6/2025.
• Sold $1,001 - $15,000 in shares of Wells Fargo & Company NYSE: WFC on 1/6/2025.

Fortive Stock Down 1.3 %

Fortive stock traded down $1.08 during trading on Friday, reaching $80.59. 2,713,487 shares of the company's stock were exchanged, compared to its average volume of 2,179,319. The company's 50-day moving average is $77.83 and its two-hundred day moving average is $75.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. Fortive Co. has a 52-week low of $66.15 and a 52-week high of $87.10. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.14 and a beta of 1.15.

Fortive (NYSE:FTV - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $0.98 earnings per share. On average, analysts predict that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price 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. 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. Argus reaffirmed 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 cut their target price for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, UBS Group began coverage on shares of Fortive in a report on Wednesday, November 13th. They set a "neutral" rating and a $84.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fortive currently has a consensus rating of "Moderate Buy" and an average price target of $87.64.

Institutional Investors Weigh In On Fortive

Several large investors have recently bought and sold shares of FTV. Capital Performance Advisors LLP acquired a new stake in Fortive in the third quarter valued at $25,000. Parvin Asset Management LLC acquired a new stake in Fortive during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of Fortive in the 4th quarter worth approximately $31,000. Versant Capital Management Inc lifted its position in shares of Fortive by 186.8% in the 4th quarter. Versant Capital Management Inc now owns 456 shares of the technology company's stock worth $34,000 after purchasing an additional 297 shares during the period. Finally, Crews Bank & Trust acquired a new position in shares of Fortive during the 4th quarter valued at $37,000. Institutional investors own 94.94% of the company's stock.

About Representative Randall

Emily Randall (Democratic Party) is a member of the U.S. House, representing Washington's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Randall (Democratic Party) is running for re-election to the U.S. House to represent Washington's 6th Congressional District. She declared candidacy for the 2026 election. Emily Randall was born in Port Orchard, Washington, and lives in Bremerton, Washington. Randall earned bachelor's degrees in Spanish and women's studies from Wellesley College in 2008. Her career experience includes working as a development professional with Wellesley College, the San Francisco AIDS Foundation, Planned Parenthood Federation of America, and Legal Voice.

About Fortive

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.