SCHEDULE: Dodge & Cox Boosts Fortive Stake to 11.3%

Dodge & Cox, an investment adviser, reported an 11.3% beneficial ownership stake in Fortive Corporation's common stock as of July 31, 2025.

Summary

• Dodge & Cox, an investment adviser based in California, reported beneficial ownership of 38,153,401 shares of Fortive Corporation common stock.
• This ownership represents 11.3% of Fortive Corporation's common stock outstanding.
• Dodge & Cox holds sole voting power over 35,819,901 shares and sole dispositive power over 38,153,401 shares.
• Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940 and managed by Dodge & Cox, has an interest of 24,864,800 shares, representing 7.3% of the class of securities reported.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Fortive Corporation.

Sentiment

Score: 7

Explanation: The filing indicates a substantial beneficial ownership stake by a major investment adviser, Dodge & Cox, in Fortive Corporation, which generally signals institutional confidence in the company's prospects. The certification that shares are held in the ordinary course of business and not for control purposes further supports a positive long-term investment view.

Positives

• Significant institutional ownership by a reputable investment adviser, Dodge & Cox, holding 11.3% of Fortive Corporation's common stock, which can signal confidence in the company.
• A substantial portion of this ownership (7.3%) is held by Dodge & Cox Stock Fund, indicating conviction from a managed fund.
• The filing certifies that the shares were acquired and are held in the ordinary course of business, not for control purposes, suggesting a long-term investment perspective.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in the industrial technology sector, where companies like Fortive Corporation operate. Large stakes by established investment advisers like Dodge & Cox can signal confidence in the long-term prospects of companies within this industry, often driven by factors such as innovation, market position, and financial stability.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially signaling stability and long-term value.
• Management: A large institutional holder can provide oversight and influence, though this filing states no intent to change control.

Next Steps

• NA

Key Dates

Keywords

Fortive Corporation, Dodge & Cox, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Adviser, Shareholding, FTV