SCHEDULE: Dodge & Cox Boosts Fortive Stake to 9.8%

Investment adviser Dodge & Cox has disclosed an increased beneficial ownership of 9.8% in Fortive Corporation's common stock.

Summary

• Dodge & Cox, an investment adviser, filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Fortive Corporation.
• The filing reports beneficial ownership of 33,173,605 shares of Fortive Corporation's Common Stock as of June 30, 2025.
• This represents 9.8% of the total class of securities.
• Dodge & Cox holds sole voting power over 31,161,605 shares and sole dispositive power over 33,173,605 shares.
• The Dodge & Cox Stock Fund, an investment company managed by Dodge & Cox, holds 21,343,884 shares, which constitutes 6.3% of the class.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Fortive Corporation.

Sentiment

Score: 7

Explanation: The filing indicates a significant and continued beneficial ownership stake by a major investment adviser, Dodge & Cox, in Fortive Corporation. This suggests ongoing confidence from a large institutional investor.

Positives

• A major investment adviser, Dodge & Cox, maintains a significant stake (9.8%) in Fortive Corporation, indicating continued confidence.
• A substantial portion of the stake (6.3%) is held by the Dodge & Cox Stock Fund, a registered investment company, suggesting a long-term investment perspective.

Negatives

• No negative information is typically disclosed in a Schedule 13G filing, as it is purely an ownership disclosure.

Risks

• No specific risks related to Fortive Corporation's operations or financial health are disclosed in this ownership filing.

Future Outlook

Not applicable. This filing reports historical ownership as of a specific date and does not provide forward-looking statements or guidance.

Industry Context

This filing indicates a significant institutional investment in Fortive Corporation, a diversified industrial technology company. Such large stakes by reputable investment advisers like Dodge & Cox are common in the industry and often signal a long-term value investment strategy.

Comparison to Industry Standards

• Dodge & Cox's 9.8% stake in Fortive Corporation is a substantial position for an institutional investor, often indicative of a high-conviction investment.
• For comparison, other large asset managers like Vanguard or BlackRock often hold similar or larger passive stakes across numerous companies, but a 9.8% active stake by a firm like Dodge & Cox, known for its value investing approach, is notable.
• The holding of 6.3% by the Dodge & Cox Stock Fund specifically highlights Fortive as a significant holding within one of their flagship funds.

Stakeholder Impact

• Shareholders: The significant stake held by Dodge & Cox may be viewed positively, as it indicates a large, reputable institutional investor has confidence in Fortive Corporation. This could potentially bolster investor sentiment.
• Company Management: Awareness of a large institutional holder like Dodge & Cox can influence management's focus on long-term value creation and corporate governance, as such investors often engage with companies.

Key Dates

Keywords

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