Rep. Thomas H. Kean, Jr. Sells Fortive Co. (NYSE:FTV) Shares

Posted by Defense World Staff on May 17th, 2025

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Fortive Co. (NYSE:FTV). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortive stock on April 10th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 4/28/2025.
Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 4/24/2025.
Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/24/2025.
Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 4/24/2025.
Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/24/2025.
Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/11/2025.
Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/10/2025.
Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 4/10/2025.
Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.

Fortive Stock Performance

Shares of NYSE:FTV opened at $73.26 on Friday. Fortive Co. has a 52 week low of $60.39 and a 52 week high of $83.32. The stock has a market capitalization of $24.90 billion, a P/E ratio of 31.04, a PEG ratio of 2.68 and a beta of 1.10. The firm has a fifty day simple moving average of $69.77 and a two-hundred day simple moving average of $74.85. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.33.

Fortive (NYSE:FTV – Get Free Report) 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. Fortive had a net margin of 13.36% and a return on equity of 13.15%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $0.83 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts expect that Fortive Co. will post 4.05 earnings per share for the current fiscal year.

Fortive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, April 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. Fortive’s payout ratio is currently 14.04%.

Insider Activity at Fortive

In other Fortive news, SVP Stacey A. Walker sold 3,002 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $79.05, for a total transaction of $237,308.10. Following the transaction, the senior vice president now owns 42,373 shares of the company’s stock, valued at approximately $3,349,585.65. This trade represents a 6.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Peter C. Underwood sold 14,327 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $73.88, for a total transaction of $1,058,478.76. Following the transaction, the senior vice president now directly owns 51,750 shares in the company, valued at $3,823,290. This trade represents a 21.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 432,712 shares of company stock worth $33,237,008 in the last 90 days. 1.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on FTV. JPMorgan Chase & Co. lifted their price objective on shares of Fortive from $73.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada raised their target price on shares of Fortive from $68.00 to $72.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. StockNews.com lowered shares of Fortive from a “buy” rating to a “hold” rating in a report on Monday, February 10th. BNP Paribas lowered shares of Fortive from an “outperform” rating to a “neutral” rating and set a $67.00 target price for the company. in a report on Wednesday, April 9th. Finally, Truist Financial lowered their target price on shares of Fortive from $90.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Fortive currently has an average rating of “Moderate Buy” and a consensus target price of $81.92.

View Our Latest Report on Fortive

Institutional Investors Weigh In On Fortive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTV. Parvin Asset Management LLC bought a new stake in Fortive during the 4th quarter valued at about $26,000. American National Bank & Trust bought a new stake in Fortive during the 1st quarter valued at about $26,000. Accent Capital Management LLC bought a new stake in Fortive during the 1st quarter valued at about $26,000. Global X Japan Co. Ltd. lifted its holdings in Fortive by 114.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 377 shares of the technology company’s stock valued at $28,000 after buying an additional 201 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in Fortive during the 4th quarter valued at about $30,000. Institutional investors own 94.94% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Fortive

(Get Free Report)

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.