Dodge & Cox Reduces $60M in Fortive Corporation ($FTV)
Dodge & Cox trimmed its Fortive stake by over 1 million shares, reflecting a 2.27% decrease.
Key Points
- Dodge & Cox cut its Fortive Corporation stake by 1,001,625 shares, now holding 43.16 million shares worth $2.58 billion as of its latest 13F filing.
- FTV shares are trading near $59.84 with a market cap of $18.39 billion and a P/E ratio of 35.27, reflecting its position in the technology sector.
- Fortive pays an annual dividend of $0.24 per share, yielding 0.4%, and analysts have set a mean price target of $63.63.
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Dodge & Cox has trimmed its stake in Fortive Corporation (NYSE:FTV) by over 1 million shares, according to its latest Form 13F filing with the SEC. The filing shows a reduction of 1,001,625 shares, bringing its total holdings to 43,156,197 shares, valued at approximately $2.58 billion as of the reporting period.
What Changed in Dodge & Cox's Fortive Position
Dodge & Cox reduced its holdings in Fortive by about 1 million shares, marking a 2.27% decrease from its previous position. Before the change, the fund held 44,157,822 shares. The value of the remaining shares is reported at $2.58 billion.
Fortive Corporation Stock Up 1.7%
Shares of Fortive Corporation are currently trading near $59.84 on the NYSE. The company has a market cap of approximately $18.39 billion and a P/E ratio of 35.27. Fortive's stock has a 52-week low of $46.34 and a high of $63.40, with a 50-day moving average of $59.81 and a 200-day moving average of $54.69. The company's beta is 0.989, indicating its stock is slightly less volatile than the market.
Recent Earnings
Fortive reported revenues of about $4.24 billion, with a revenue growth of 7.7%. The company posted an EPS of $1.71, a net margin of 12.84%, and a return on equity of 6.81%. The next earnings report is expected on April 30, 2026.
Dividend
Fortive pays an annual dividend of $0.24 per share, offering a yield of 0.4%. The dividend payout ratio stands at 15.26%, reflecting the company's strategy to return a portion of its earnings to shareholders.
About Fortive Corporation
Fortive Corporation, based in Everett, Washington, is a technology company that designs, develops, and markets a range of products and services. It operates through two main segments: Intelligent Operating Solutions and Advanced Healthcare Solutions. The company serves various industries, including manufacturing, healthcare, and utilities, with brands like Accruent, Fluke, and Gordian. Fortive was incorporated in 2015 and is led by CEO Mr. Olumide O. Soroye.
Bottom Line
Dodge & Cox's recent reduction in its Fortive stake is a notable move for investors tracking institutional activities. Although the 13F filings are backward-looking, they provide insight into the fund's strategies and holdings. Fortive continues to be a key player in the technology sector, with a solid market position and steady financial performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.