Shares of Fortive Corporation (NYSE:FTV – Get Free Report) have received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $61.8333.
A number of equities analysts recently issued reports on FTV shares. Wells Fargo & Company upped their price objective on shares of Fortive from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Fortive from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Citigroup upped their price target on shares of Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Argus upgraded Fortive from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, May 11th. Finally, Truist Financial raised their price objective on Fortive from $61.00 to $67.00 and gave the company a “hold” rating in a report on Thursday.
View Our Latest Research Report on Fortive
Insider Activity
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FTV. Root Financial Partners LLC lifted its stake in Fortive by 43.6% in the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock valued at $31,000 after buying an additional 168 shares during the period. Arkadios Wealth Advisors increased its position in Fortive by 2.1% in the 1st quarter. Arkadios Wealth Advisors now owns 9,047 shares of the technology company’s stock valued at $500,000 after buying an additional 187 shares in the last quarter. Rothschild Investment LLC raised its stake in Fortive by 20.5% during the 4th quarter. Rothschild Investment LLC now owns 1,113 shares of the technology company’s stock worth $61,000 after buying an additional 189 shares during the period. Empowered Funds LLC boosted its holdings in Fortive by 2.3% in the fourth quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after acquiring an additional 197 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Fortive by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock worth $464,000 after acquiring an additional 208 shares in the last quarter. 94.94% of the stock is owned by institutional investors.
Fortive Stock Performance
NYSE:FTV opened at $62.70 on Friday. Fortive has a twelve month low of $46.34 and a twelve month high of $63.40. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $60.50 and its 200 day simple moving average is $57.85. The firm has a market capitalization of $19.12 billion, a PE ratio of 37.55 and a beta of 1.06.
Fortive (NYSE:FTV – Get Free Report) last issued its earnings results on Thursday, April 30th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.04 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts anticipate that Fortive will post 2.97 EPS for the current fiscal year.
Fortive Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 22nd will be given a $0.06 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.24 annualized dividend and a yield of 0.4%. Fortive’s dividend payout ratio (DPR) is currently 14.37%.
Fortive announced that its Board of Directors has approved a share buyback plan on Monday, May 4th that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Fortive Company Profile
Fortive Corporation (NYSE: FTV) is a diversified industrial technology company headquartered in Everett, Washington. The company was created through a spin‑off from Danaher Corporation in 2016 and has since focused on building a portfolio of professional instrumentation and industrial technology businesses. In 2020 Fortive completed a further portfolio separation with the spin‑off of Vontier, concentrating Fortive’s activities on higher‑margin instrumentation, software and services.
Fortive’s operations center on professional test and measurement, sensing and monitoring, software‑enabled solutions, and lifecycle services that support industrial and commercial customers.
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