Shares of Fortive Corporation (NYSE:FTV – Get Free Report) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $63.00.
Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Fortive from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Truist Financial increased their target price on Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Wells Fargo & Company lifted their price target on Fortive from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Citigroup boosted their price target on Fortive from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Zacks Research cut Fortive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st.
Get Our Latest Stock Analysis on FTV
Fortive Stock Performance
Fortive (NYSE:FTV – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. Fortive had a net margin of 12.84% and a return on equity of 12.66%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, analysts expect that Fortive will post 2.98 earnings per share for the current fiscal year.
Fortive Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 22nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is currently 14.37%.
Fortive announced that its board has approved a stock buyback plan on Monday, May 4th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In other Fortive news, SVP Peter C. Underwood sold 47,557 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the completion of the transaction, the senior vice president owned 87,780 shares of the company’s stock, valued at $5,337,901.80. This represents a 35.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by company insiders.
Institutional Trading of Fortive
Hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC boosted its holdings in Fortive by 43.6% during the fourth quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after purchasing an additional 168 shares during the last quarter. Arkadios Wealth Advisors increased its stake 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 during the last quarter. Rothschild Investment LLC lifted its position 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 in the last quarter. Empowered Funds LLC lifted its position in Fortive by 2.3% during the 4th quarter. Empowered Funds LLC now owns 8,733 shares of the technology company’s stock worth $482,000 after buying an additional 197 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Fortive by 2.5% during the 4th quarter. Park Avenue Securities LLC now owns 8,401 shares of the technology company’s stock worth $464,000 after buying an additional 208 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
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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