Media headlines about Fortive (NYSE:FTV) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortive earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.6775626341144 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Here’s Why Fortive Just Dumped Its Prized Automation Assets – Madison.com (host.madison.com)
- Fortive (FTV) Up 8.8% Since Earnings Report: Can It Continue? – Nasdaq (nasdaq.com)
- Altra Industrial to Collaborate With Fortive’s A&S Platform – Nasdaq (nasdaq.com)
- JPMorgan Impressed With Fortive — ‘In A Financially Neutral Way’ – Benzinga (benzinga.com)
Fortive (NYSE FTV) traded down $1.74 during midday trading on Monday, hitting $78.53. 1,216,490 shares of the stock were exchanged, compared to its average volume of 1,950,000. The company has a quick ratio of 1.47, a current ratio of 1.83 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $27,290.00 and a price-to-earnings ratio of 28.45. Fortive has a 1-year low of $57.98 and a 1-year high of $80.31.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is 10.14%.
A number of analysts have commented on FTV shares. BMO Capital Markets started coverage on shares of Fortive in a research note on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price objective for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $79.00 price objective on shares of Fortive in a research note on Thursday, January 4th. Barclays started coverage on shares of Fortive in a research note on Thursday, February 15th. They set an “overweight” rating and a $86.00 price objective for the company. UBS Group started coverage on shares of Fortive in a research note on Monday, January 22nd. They set a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of Fortive from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.50.
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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