Fortive Corporation (NYSE:FTV) Receives Average Rating of “Hold” from Brokerages

Fortive Corporation (NYSE:FTV) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $60.8462.

Several equities research analysts have weighed in on FTV shares. Mizuho restated an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Royal Bank Of Canada increased their price target on shares of Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Robert W. Baird set a $65.00 price objective on shares of Fortive in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th.

Insider Transactions at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the transaction, the director owned 31,775 shares of the company’s stock, valued at approximately $1,853,753.50. This trade represents a 18.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Fortive

Large investors have recently bought and sold shares of the business. Voya Investment Management LLC increased its stake in Fortive by 14.0% in the third quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company’s stock valued at $24,841,000 after purchasing an additional 62,127 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Fortive by 56.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company’s stock valued at $3,799,000 after buying an additional 27,908 shares during the period. Vanguard Group Inc. increased its position in shares of Fortive by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock valued at $2,054,644,000 after buying an additional 839,321 shares in the last quarter. Brookstone Capital Management raised its stake in Fortive by 49.8% during the 3rd quarter. Brookstone Capital Management now owns 76,393 shares of the technology company’s stock worth $3,742,000 after buying an additional 25,397 shares during the period. Finally, State Street Corp raised its stake in Fortive by 0.7% during the 2nd quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after buying an additional 92,222 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Fortive Trading Down 1.0%

FTV stock opened at $59.17 on Monday. The business has a fifty day moving average price of $56.11 and a 200 day moving average price of $52.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. Fortive has a fifty-two week low of $46.34 and a fifty-two week high of $80.74. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 3.23 and a beta of 1.12.

Fortive (NYSE:FTV) last announced its earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.During the same quarter in the previous year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts expect that Fortive will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be 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 is Friday, March 13th. Fortive’s dividend payout ratio (DPR) is presently 13.87%.

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.