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 Performance

Shares of Fortive stock opened at $81.68 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $77.74 and its two-hundred day moving average is $75.57. Fortive Co. has a 52 week low of $66.15 and a 52 week high of $87.10. The company has a market capitalization of $28.34 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 EPS for the quarter, topping 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 firm earned $0.98 EPS. As a group, analysts expect that Fortive Co. will post 3.84 earnings per share for the current year.

Fortive Announces Dividend

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 paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, February 28th. Fortive’s dividend payout ratio is currently 12.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday. 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. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $86.00 in a research report on Monday, December 9th. Truist Financial lifted their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Argus reiterated a “hold” rating on shares of Fortive in a report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Fortive has a consensus rating of “Moderate Buy” and an average target price of $87.64.

Institutional Investors Weigh In On Fortive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. boosted its position in shares of Fortive by 50.3% in the 3rd quarter. Mather Group LLC. now owns 926 shares of the technology company’s stock worth $73,000 after purchasing an additional 310 shares in the last quarter. CWM LLC raised its stake in Fortive by 5.3% in the third quarter. CWM LLC now owns 10,031 shares of the technology company’s stock valued at $792,000 after buying an additional 508 shares during the last quarter. Wedmont Private Capital boosted its holdings in Fortive by 5.5% in the third quarter. Wedmont Private Capital now owns 3,209 shares of the technology company’s stock worth $245,000 after acquiring an additional 168 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Fortive by 276.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,043 shares of the technology company’s stock worth $161,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Fortive during the third quarter valued at about $41,000. Hedge funds and other 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.

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.