Fortive (FTV) Expected to Announce Earnings on Friday

Fortive (NYSE:FTV) is projected to issue its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $1.63 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Fortive Stock Down 0.9 %

FTV stock opened at $79.39 on Thursday. The business’s fifty day moving average price is $77.65 and its two-hundred day moving average price is $75.29. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.18 and a beta of 1.15. Fortive has a fifty-two week low of $66.15 and a fifty-two week high of $87.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99.

Fortive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, February 28th. Fortive’s dividend payout ratio is 12.75%.

Insiders Place Their Bets

In other news, SVP Peter C. Underwood sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at approximately $3,702,336.68. This represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FTV shares. JPMorgan Chase & Co. decreased their target price on shares of Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Truist Financial increased their price target on Fortive from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. StockNews.com raised Fortive from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Citigroup downgraded Fortive from a “buy” rating to a “neutral” rating and cut their target price for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Finally, Argus restated a “hold” rating on shares of Fortive in a research report on Monday, November 18th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.45.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.