Fortive (FTV)

• Market cap: $27.3B
• 1 day: -2.21%
• 5 days: -2.40%
• 1 month: -0.87%
• 3 months: 4.00%
• 6 months: 10.55%
• Year to date: 7.55%
• 1 year: -5.19%
• 5 years: 5.57%
• 10 years: 64.67%
• Sector: Industrials
• Industry: Industrial Instruments for Measurement, Display, and Control

About: Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.2 billion in revenue in 2024.

Employees: 18,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

294% more call options, than puts

Call options by funds: $22M | Put options by funds: $5.57M

25% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 79

1.63% more ownership

Funds ownership: 93.48% [Q3] → 95.11% (+1.63%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 7 (+0) [Q4]

3% less capital invested

Capital invested by funds: $25.8B [Q3] → $25B (-$790M) [Q4]

2% less funds holding

Funds holding: 828 [Q3] → 810 (-18) [Q4]

16% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 304

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $85 6% upside
• Avg. target: $88 10% upside
• High target: $90 12% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

RBC Capital Deane Dray 47% 1-year accuracy 27 / 57 met price target	6% upside $85	Sector Perform Maintained	10 Feb 2025
Wells Fargo Joseph O'Dea 50% 1-year accuracy 18 / 36 met price target	6% upside $85	Equal-Weight Maintained	10 Feb 2025
JP Morgan Stephen Tusa 65% 1-year accuracy 20 / 31 met price target	12% upside $90	Overweight Maintained	15 Jan 2025
Barclays Julian Mitchell 55% 1-year accuracy 63 / 115 met price target	12% upside $90	Overweight Maintained	8 Jan 2025
Truist Securities Jamie Cook 60% 1-year accuracy 54 / 90 met price target	12% upside $90	Buy Maintained	19 Dec 2024