Fortive Falls Despite Q2 Beat and Higher 2026 EPS Outlook

Fortive Corporation (FTV) is down 6.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears to be a negative reaction to an earnings report that was solid on the surface but may not have cleared elevated expectations. This could be because investors focused on softer profitability in the healthcare segment and the view that the guidance increase was modest relative to the strength already reflected in the stock.

Details:

Fortive reported second-quarter 2026 revenue of about $1.10 billion, up 7.9% year over year, with core revenue growth of 6.7% and adjusted EPS of $0.74.

The company raised full-year 2026 adjusted EPS guidance to $2.95 to $3.05 from its prior $2.90 to $3.00 range, so the drop does not appear tied to an outright guidance cut.

Within Advanced Healthcare Solutions, core revenue grew 5.3%, but adjusted gross margin slipped modestly year over year because of product mix and strategic growth investments, while adjusted EBITDA margin fell to 26.1% from 26.9%.

Analyst consensus heading into the release was around $0.70 to $0.71 in EPS on roughly $1.07 billion of revenue, suggesting the quarter was a beat, which points to a likely sell-the-news response or concern that the upside was not large enough.

Sources:

Fortive, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FTV Insider Trading Activity

$FTV insiders have traded $FTV stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FTV stock by insiders over the last 6 months:

PETER C UNDERWOOD (SVP - Chief Legal Officer) sold 47,557 shares for an estimated $2,891,941
KATE MITCHELL sold 7,131 shares for an estimated $416,022

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FTV Hedge Fund Activity

We have seen 304 institutional investors add shares of $FTV stock to their portfolio, and 340 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 7,480,012 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $413,495,063
PRICE T ROWE ASSOCIATES INC /MD/ added 3,677,007 shares (+18.3%) to their portfolio in Q1 2026, for an estimated $203,264,946
VIKING GLOBAL INVESTORS LP added 3,251,123 shares (+16.9%) to their portfolio in Q1 2026, for an estimated $179,722,079
UBS GROUP AG removed 2,473,418 shares (-36.0%) from their portfolio in Q1 2026, for an estimated $136,730,547
SELECT EQUITY GROUP, L.P. removed 2,149,611 shares (-55.7%) from their portfolio in Q1 2026, for an estimated $118,830,496
CHAMPLAIN INVESTMENT PARTNERS, LLC removed 1,763,637 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $97,493,853
HSBC HOLDINGS PLC removed 1,311,957 shares (-64.7%) from their portfolio in Q1 2026, for an estimated $72,524,982

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FTV Congressional Stock Trading

Members of Congress have traded $FTV stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FTV stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FTV Analyst Ratings

Wall Street analysts have issued reports on $FTV in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 02/11/2026

To track analyst ratings and price targets for $FTV, check out Quiver Quantitative's $FTV forecast page.

$FTV Price Targets

Multiple analysts have issued price targets for $FTV recently. We have seen 9 analysts offer price targets for $FTV in the last 6 months, with a median target of $64.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $67.0 on 07/02/2026
Chris Snyder from Morgan Stanley set a target price of $59.0 on 06/03/2026
Chigusa Katoku from JP Morgan set a target price of $64.0 on 05/12/2026
John Eade from Argus Research set a target price of $68.0 on 05/11/2026
Joseph O'Dea from Wells Fargo set a target price of $65.0 on 05/04/2026
Deane Dray from RBC Capital set a target price of $63.0 on 05/01/2026
Andrew Kaplowitz from Citigroup set a target price of $65.0 on 05/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.