Fortive (NYSE:FTV) announced its earnings results on Thursday, October 25th. The technology company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02), Fidelity Earnings reports. Fortive had a net margin of 15.72% and a return on equity of 24.91%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion.
Shares of FTV stock opened at $75.45 on Friday. Fortive has a 1-year low of $69.03 and a 1-year high of $88.34. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54. The firm has a market cap of $25.20 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, November 29th. Fortive’s payout ratio is 9.69%.
In other news, VP Emily A. Weaver sold 9,271 shares of Fortive stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $75.41, for a total transaction of $699,126.11. Following the transaction, the vice president now owns 9,279 shares in the company, valued at $699,729.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James A. Lico sold 123,298 shares of Fortive stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $75.41, for a total value of $9,297,902.18. Following the transaction, the insider now owns 357,460 shares in the company, valued at approximately $26,956,058.60. The disclosure for this sale can be found here. Insiders have sold 141,914 shares of company stock worth $10,694,376 in the last quarter. 12.10% of the stock is currently owned by corporate insiders.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.
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