Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Fortive Corporation (NYSE:FTV). In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortive stock on September 22nd. 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):
- Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 10/1/2025.
- Sold $1,001 – $15,000 in shares of Amdocs (NASDAQ:DOX) on 10/1/2025.
- Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 9/30/2025.
- Sold $15,001 – $50,000 in shares of Fortive (NYSE:FTV) on 9/30/2025.
- Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 9/30/2025.
- Purchased $1,001 – $15,000 in shares of APi Group (NYSE:APG) on 9/30/2025.
- Sold $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 9/30/2025.
- Purchased $1,001 – $15,000 in shares of PTC (NASDAQ:PTC) on 9/30/2025.
- Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 9/30/2025.
- Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 9/30/2025.
Fortive Stock Performance
Shares of NYSE FTV opened at $48.99 on Wednesday. The business’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $58.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.98 and a quick ratio of 0.82. Fortive Corporation has a one year low of $46.34 and a one year high of $83.32. The company has a market capitalization of $16.57 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15.
Fortive Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.06 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. Fortive’s payout ratio is 10.81%.
Institutional Trading of Fortive
Several hedge funds have recently added to or reduced their stakes in the business. Redmond Asset Management LLC boosted its stake in Fortive by 1.0% during the 1st quarter. Redmond Asset Management LLC now owns 14,515 shares of the technology company’s stock valued at $1,062,000 after purchasing an additional 142 shares during the period. Capital Analysts LLC boosted its stake in Fortive by 41.0% during the 1st quarter. Capital Analysts LLC now owns 523 shares of the technology company’s stock valued at $38,000 after purchasing an additional 152 shares during the period. Tandem Capital Management Corp ADV boosted its stake in Fortive by 0.6% during the 1st quarter. Tandem Capital Management Corp ADV now owns 27,557 shares of the technology company’s stock valued at $2,017,000 after purchasing an additional 160 shares during the period. Forum Financial Management LP boosted its stake in Fortive by 2.3% during the 1st quarter. Forum Financial Management LP now owns 7,119 shares of the technology company’s stock valued at $521,000 after purchasing an additional 161 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Fortive by 19.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,092 shares of the technology company’s stock valued at $80,000 after purchasing an additional 175 shares during the period. Institutional investors own 94.94% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Melius Research upgraded Fortive to a “hold” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada decreased their price target on Fortive from $58.00 to $56.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. TD Cowen downgraded Fortive from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $50.00 in a research note on Tuesday, July 15th. Barclays set a $54.00 price target on Fortive and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Finally, Cowen downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.79.
Read Our Latest Stock Analysis on Fortive
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.
About Fortive
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.
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