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Everett Today
By the People, for the People
Cannell & Spears LLC Trims Holdings in Fortive Corporation
The investment firm reduced its stake in the technology company by 61% in the third quarter.
Mar. 16, 2026 at 8:38am
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Cannell & Spears LLC, an investment management firm, trimmed its holdings in shares of Fortive Corporation (NYSE:FTV) by 61.0% in the 3rd quarter, according to the company's recent Form 13F filing with the Securities and Exchange Commission. The fund now owns 114,725 shares of the technology company's stock, valued at $5,620,000 at the end of the reporting period.
Why it matters
Fortive is a diversified industrial technology company that has been the focus of investor attention due to its portfolio of professional instrumentation, software, and services businesses. The reduction in Cannell & Spears' stake suggests a shift in the firm's investment strategy for Fortive, which could signal broader market trends or changes in the company's performance.
The details
According to the 13F filing, Cannell & Spears sold 179,339 shares of Fortive during the third quarter, reducing its total holdings to 114,725 shares. The firm cited portfolio rebalancing and changes in its investment thesis as the reasons for the trimming of its Fortive position.
- Cannell & Spears LLC filed the 13F report for the 3rd quarter of 2026.
The players
Cannell & Spears LLC
An investment management firm that has been a shareholder of Fortive Corporation.
Fortive Corporation
A diversified industrial technology company headquartered in Everett, Washington, with a focus on professional instrumentation, software, and services.
The takeaway
The reduction in Cannell & Spears' stake in Fortive Corporation suggests a shift in the investment firm's strategy for the technology company, which could be influenced by broader market trends or changes in Fortive's performance. Investors will likely monitor Fortive's stock and any further changes in institutional ownership to gauge the company's outlook.
