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 Up 1.9 %

Shares of FTV stock traded up $1.51 on Thursday, hitting $81.68. The company’s stock had a trading volume of 2,290,588 shares, compared to its average volume of 2,384,279. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The stock has a market capitalization of $28.34 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 2.14 and a beta of 1.15. Fortive Co. has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The firm’s fifty day moving average price is $77.74 and its 200-day moving average price is $75.57.

Fortive (NYSE:FTV) last posted its quarterly earnings data on Friday, February 7th. The technology company reported $1.17 earnings per share for the quarter, topping 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 earnings per share. Research analysts anticipate that Fortive Co. will post 3.84 EPS for the current year.

Fortive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. Fortive’s dividend payout ratio is 12.75%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FTV. Capital Performance Advisors LLP acquired a new position in shares of Fortive during the 3rd quarter worth about $25,000. Whipplewood Advisors LLC acquired a new position in shares of Fortive in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc boosted its stake 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 valued at $34,000 after purchasing an additional 297 shares during the last quarter. Crews Bank & Trust bought a new stake in Fortive in the 4th quarter valued at about $37,000. Finally, Albion Financial Group UT bought a new position in shares of Fortive in the fourth quarter valued at approximately $38,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FTV shares. Barclays decreased their price target on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup downgraded shares of Fortive from a “buy” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Wells Fargo & Company upped their price target on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, UBS Group initiated coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 target price 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.