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James A. Lico, President and CEO of Fortive Corp (NYSE:FTV), recently executed a significant stock sale. According to a recent SEC filing, Lico sold 196,117 shares of Fortive common stock on February 24, 2025, at a weighted average price of $80.38 per share, amounting to approximately $15.76 million. The transaction comes as Fortive, currently valued at $27.3 billion, maintains impressive gross profit margins of nearly 60%. InvestingPro analysis indicates the stock is currently trading slightly below its Fair Value.
In addition to the sale, Lico was involved in other stock transactions on the same day. He exercised options to acquire 196,117 shares at a price of $35.38 each. Furthermore, Lico acquired additional shares through the automatic exercise of stock options, as part of Fortive’s 2016 Stock Incentive Plan, at a price of $35.31. The transactions highlight Lico’s active management of his holdings in the company. According to InvestingPro data, the stock has demonstrated low price volatility, trading between $66.15 and $87.10 over the past 52 weeks.
After these transactions, Lico’s direct ownership of Fortive stock stands at 601,521 shares. These activities are part of a broader trend of executives managing their equity positions as part of compensation and financial planning strategies. For deeper insights into executive trading patterns and comprehensive analysis, including 8 additional ProTips, investors can access the full Fortive research report on InvestingPro.
In other recent news, Fortive Corporation reported its fourth-quarter earnings with revenue slightly missing analyst estimates at $1.62 billion, compared to the expected $1.63 billion. Despite this, the company achieved an adjusted earnings per share of $1.17, surpassing the consensus of $1.12. The company provided guidance for 2025 with expected revenue between $6.23 and $6.35 billion, which is below Wall Street’s projection of $6.47 billion. Fortive also anticipates adjusted EPS for the year to range from $4.00 to $4.12, slightly under the consensus estimate of $4.12. RBC Capital Markets raised its price target for Fortive to $85 from $77, maintaining a Sector Perform rating, while Raymond (NSE:RYMD) James increased its target to $90, keeping an Outperform rating. The company plans to spin off its Precision Technologies segment into a new entity, Ralliant, earlier than expected in the third quarter of 2025. Additionally, Fortive expanded its Board of Directors by appointing Gregory J. Moore, M.D., Ph.D., bringing expertise in AI and healthcare. Dr. Moore’s appointment is expected to support Fortive’s strategic growth initiatives, particularly in AI-powered solutions.
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