Fortive Corporation $FTV Stock Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Geri Gentry on Nov 6th, 2026

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Fortive Corporation (NYSE:FTV – Free Report) by 6.7% during the third quarter, HoldingsChannel.com reports. The fund owned 635,746 shares of the technology company’s stock after selling 45,454 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Fortive were worth $34,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its stake in Fortive by 86.8% in the 3rd quarter. Mather Group LLC. now owns 467 shares of the technology company’s stock worth $26,000 after purchasing an additional 217 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of Fortive during the 2nd quarter valued at $30,000. Virtus Advisers LLC purchased a new position in shares of Fortive during the 2nd quarter valued at $30,000. Main Street Group LTD bought a new position in shares of Fortive in the first quarter worth $31,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Fortive in the second quarter worth $39,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Argus reissued a “buy” rating and set a $68.00 price objective on shares of Fortive in a research note on Wednesday, August 19th. Robert W. Baird set a $75.00 target price on Fortive in a research note on Thursday, October 29th. JPMorgan Chase & Co. raised their price target on Fortive from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, October 29th. Truist Financial reiterated a “hold” rating and set a $65.00 price target (up from $63.00) on shares of Fortive in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada boosted their price objective on Fortive from $59.00 to $68.00 and gave the stock a “sector perform” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortive currently has a consensus rating of “Reduce” and an average target price of $64.36.

Read Our Latest Report on FTV

Fortive Stock Performance

Fortive stock opened at $65.68 on Friday. The firm’s fifty day moving average price is $58.31 and its 200-day moving average price is $58.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.23. The stock has a market cap of $19.55 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. Fortive Corporation has a fifty-two week low of $49.99 and a fifty-two week high of $68.94.

Fortive (NYSE:FTV – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Fortive had a net margin of 14.83% and a return on equity of 15.79%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Fortive Corporation will post 3.12 earnings per share for the current fiscal year.

Fortive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Friday, November 27th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 13.33%.

Insider Transactions at Fortive

In other news, CAO Christopher M. Mulhall sold 8,093 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $65.57, for a total value of $530,658.01. Following the completion of the transaction, the chief accounting officer directly owned 15,597 shares in the company, valued at approximately $1,022,695.29. This represents a 34.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Peter Underwood sold 48,442 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $64.60, for a total value of $3,129,353.20. Following the transaction, the senior vice president owned 79,118 shares in the company, valued at $5,111,022.80. This trade represents a 37.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,159 shares of company stock worth $5,371,093 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Fortive Profile

(Free Report)

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.