Rep. Robert Bresnahan, Jr. Purchases Shares of Fortive Co. (NYSE:FTV)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Fortive Co. (NYSE:FTV). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fortive stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Fortive Price Performance

Shares of NYSE FTV opened at $70.45 on Monday. The stock has a market capitalization of $23.94 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.68 and a beta of 1.10. Fortive Co. has a 12 month low of $60.39 and a 12 month high of $83.32. The firm’s 50 day simple moving average is $70.07 and its 200-day simple moving average is $74.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.91.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Analysts expect that Fortive Co. will post 4.05 EPS for the current year.

Fortive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 0.45%. Fortive’s dividend payout ratio (DPR) is presently 14.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTV. Truist Financial dropped their price objective on shares of Fortive from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Fortive from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Barclays dropped their price objective on shares of Fortive from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Royal Bank of Canada lifted their price target on shares of Fortive from $68.00 to $72.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. Finally, Robert W. Baird dropped their price target on shares of Fortive from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Insider Activity at Fortive

In related news, CEO James A. Lico sold 196,117 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $80.38, for a total value of $15,763,884.46. Following the sale, the chief executive officer now directly owns 528,851 shares in the company, valued at approximately $42,509,043.38. The trade was a 27.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stacey A. Walker sold 3,002 shares of Fortive stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $79.05, for a total value of $237,308.10. Following the completion of the transaction, the senior vice president now directly owns 42,373 shares of the company’s stock, valued at approximately $3,349,585.65. This represents a 6.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,385 shares of company stock worth $19,508,529. Company insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its holdings in Fortive by 197.0% in the 4th quarter. First Hawaiian Bank now owns 15,264 shares of the technology company’s stock valued at $1,145,000 after buying an additional 10,125 shares during the period. Principal Financial Group Inc. raised its holdings in Fortive by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 406,085 shares of the technology company’s stock valued at $32,052,000 after buying an additional 10,795 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Fortive by 26.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,502 shares of the technology company’s stock valued at $2,832,000 after buying an additional 7,829 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new stake in Fortive in the 4th quarter valued at about $358,000. Finally, Czech National Bank raised its holdings in Fortive by 5.3% in the 4th quarter. Czech National Bank now owns 75,186 shares of the technology company’s stock valued at $5,639,000 after buying an additional 3,818 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.