Fortive (NYSE:FTV) Stock Acquired Rep. Gilbert Ray Cisneros, Jr.

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 Performance

FTV opened at $80.18 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 1.25. The stock’s 50 day moving average price is $77.72 and its 200-day moving average price is $75.53. Fortive Co. has a one year low of $66.15 and a one year high of $87.10. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.14 and a beta of 1.15.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities analysts forecast that Fortive Co. will post 3.84 EPS for the current year.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s payout ratio is currently 12.75%.

Wall Street Analysts Forecast Growth

FTV has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Fortive from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday. Barclays decreased their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group assumed coverage on Fortive in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Argus reissued a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.64.

Institutional Trading of Fortive

Several hedge funds have recently modified their holdings of the company. Huntington National Bank lifted its position in Fortive by 3.7% during the fourth quarter. Huntington National Bank now owns 7,414 shares of the technology company’s stock valued at $556,000 after acquiring an additional 266 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Fortive by 28.2% during the fourth quarter. Headlands Technologies LLC now owns 4,577 shares of the technology company’s stock worth $343,000 after purchasing an additional 1,007 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fortive by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,294,930 shares of the technology company’s stock valued at $620,480,000 after purchasing an additional 103,015 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Fortive by 5.2% in the 4th quarter. National Bank of Canada FI now owns 190,659 shares of the technology company’s stock worth $14,300,000 after purchasing an additional 9,415 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its position in Fortive by 10.3% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 71,908 shares of the technology company’s stock valued at $5,393,000 after buying an additional 6,720 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.