SCHEDULE 13G/A: T. Rowe Price Investment Management Discloses 10.9% Passive Stake in Fortive Corp

T. Rowe Price Investment Management, Inc. has filed an amended Schedule 13G, revealing a 10.9% beneficial ownership stake in Fortive Corp's common stock as of March 31, 2025.

Summary

• T. Rowe Price Investment Management, Inc. (TRPIM) filed an Amendment No. 7 to Schedule 13G regarding its beneficial ownership in Fortive Corp (NYSE: FTV).
• As of March 31, 2025, TRPIM beneficially owns an aggregate of 37,012,836 shares of Fortive Corp's common stock.
• This ownership represents 10.9% of the total class of Fortive Corp's common stock.
• TRPIM holds sole voting power over 35,218,210 shares and sole dispositive power over 37,010,821 shares.
• No shared voting or shared dispositive power is reported by TRPIM.
• T. Rowe Price Capital Appreciation Fund, for which TRPIM acts as investment adviser, holds 17,270,950 shares, representing 5.1% of the class, and has the right to receive dividends and proceeds from the sale of these securities.
• TRPIM certifies that 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 Corp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment regarding the issuer's operations or financial health.

Positives

• The disclosure of a significant 10.9% passive stake by a reputable institutional investor like T. Rowe Price Investment Management may signal confidence in Fortive Corp's long-term prospects.
• The holding by T. Rowe Price Capital Appreciation Fund, representing 5.1% of the class, indicates a substantial commitment from a specific fund managed by TRPIM.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Fortive Corp's future performance or outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by T. Rowe Price Investment Management, Inc.)
• "T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied." (Statement by T. Rowe Price Investment Management, Inc.)

Industry Context

This filing is typical for large institutional asset managers like T. Rowe Price, which routinely disclose significant passive ownership stakes in publicly traded companies as part of their investment activities. Such disclosures provide transparency into major institutional holdings within the broader investment management industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, which can influence market perception and liquidity.
• Investment Professionals: Offers insight into the portfolio holdings and investment strategies of major asset managers like T. Rowe Price.

Key Dates

Keywords

Fortive Corp, T. Rowe Price Investment Management, Schedule 13G, Institutional Ownership, Common Stock, Investment Management, Passive Investment, Beneficial Ownership