New York State Teachers Retirement System Cuts Position in Fortive Corporation $FTV

New York State Teachers Retirement System trimmed its stake in Fortive Corporation (NYSE:FTV) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,566 shares of the technology company’s stock after selling 15,493 shares during the period. New York State Teachers Retirement System’s holdings in Fortive were worth $15,269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FTV. Turning Point Benefit Group Inc. grew its stake in Fortive by 15.5% in the fourth quarter. Turning Point Benefit Group Inc. now owns 2,039 shares of the technology company’s stock valued at $113,000 after purchasing an additional 274 shares during the last quarter. Vest Financial LLC lifted its position in shares of Fortive by 11.4% during the fourth quarter. Vest Financial LLC now owns 33,236 shares of the technology company’s stock valued at $1,835,000 after buying an additional 3,395 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Fortive by 19.7% during the fourth quarter. Wealthfront Advisers LLC now owns 97,569 shares of the technology company’s stock valued at $5,387,000 after buying an additional 16,055 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Fortive by 16.1% in the 4th quarter. M&T Bank Corp now owns 24,903 shares of the technology company’s stock valued at $1,375,000 after buying an additional 3,450 shares in the last quarter. Finally, Washington Capital Management Inc. boosted its holdings in shares of Fortive by 89.5% in the 4th quarter. Washington Capital Management Inc. now owns 16,540 shares of the technology company’s stock valued at $913,000 after buying an additional 7,810 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Fortive Stock Performance

FTV opened at $59.20 on Monday. The company has a market cap of $18.23 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 3.19 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $57.70 and its 200-day moving average price is $55.15. Fortive Corporation has a 52-week low of $46.34 and a 52-week high of $74.67.

Fortive (NYSE:FTV) last released its earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a net margin of 12.84% and a return on equity of 12.66%. Fortive’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts anticipate that Fortive Corporation will post 2.94 EPS for the current fiscal year.

Fortive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Fortive’s payout ratio is 13.87%.

Key Headlines Impacting Fortive

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Q1 results: Fortive reported stronger-than-expected Q1 results — core revenue growth (~5%), adjusted EBITDA up ~13%, and adjusted EPS growth of ~25% with reported revenue of $2.14B and EPS of $0.70, topping consensus estimates. This beat is cited as the primary near-term fundamental upside. Fortive Reports First Quarter 2026 Results
• Positive Sentiment: Analyst reaction: Royal Bank of Canada raised its price target from $59 to $63 (sector perform), signaling some analyst confidence in the beat and the company’s strategy execution. The raise provides modest upside support. RBC raises Fortive price target to $63
• Neutral Sentiment: Earnings coverage & detail: Multiple transcripts and call highlights (earnings call transcript and slide deck) provide detail on demand strength and execution of the “Fortive Accelera” strategy; useful for judgment but not new catalyst. Fortive Corporation (FTV) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Industry note: Zacks’ industry outlook singled out AMETEK and Fortive among peers — a thematic mention that can influence relative-sector flows but is not a company-specific catalyst. Zacks Industry Outlook Highlights AMETEK and Fortive
• Negative Sentiment: Guidance and YoY EPS comparisons: Fortive set FY2026 adjusted EPS guidance of $2.90–$3.00 vs. consensus ~2.96 — roughly in line but slightly light at the midpoint — and GAAP EPS this quarter fell vs. the prior year (Q1 2026 $0.70 vs. Q1 2025 $0.85), which is keeping some investors cautious about growth durability. Fortive (NYSE:FTV) Beats Q1 CY2026 Sales Expectations

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. Citigroup raised their target price on shares of Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Research lowered shares of Fortive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Robert W. Baird set a $65.00 price target on Fortive in a research report on Thursday, February 5th. Finally, Wells Fargo & Company decreased their price objective on Fortive from $65.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.92.

Insider Buying and Selling at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total transaction of $416,022.54. Following the sale, the director directly owned 31,775 shares of the company’s stock, valued at $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin?off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin?off of Vontier, concentrating Fortive’s activities on higher?margin instrumentation, software and services.

Fortive’s operations center on professional test and measurement, sensing and monitoring, software?enabled solutions, and lifecycle services that support industrial and commercial customers.