Fortive (NYSE:FTV) Issues Earnings Results

Fortive (NYSE:FTV) issued its quarterly earnings data on Wednesday. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07, FiscalAI reports. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Fortive had a net margin of 14.83% and a return on equity of 15.79%. Fortive’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS.

Here are the key takeaways from Fortive’s conference call:

• Fortive raised its full-year 2026 adjusted EPS guidance to $3.10–$3.14, implying approximately 15% year-over-year growth at the midpoint, with full-year core growth expected to exceed 5%.
• Third-quarter results showed continued momentum, including 7.2% core revenue growth, 10% adjusted EBITDA growth, 13% adjusted EPS growth, and 50 basis points of adjusted EBITDA margin expansion. Intelligent Operating Solutions led performance with 9% core growth, supported by Fluke, software, and gas detection demand.
• Fortive returned another $300 million through share repurchases, bringing cumulative buybacks since the launch of “new Fortive” to $2.3 billion, or 13% of shares outstanding. The company also raised its quarterly dividend by 17% and continues to evaluate targeted bolt-on acquisitions.
• Management is continuing to invest in Advanced Healthcare Solutions to expand its installed base, commercial capabilities, innovation, and ambulatory surgery center exposure. These investments contributed to lower year-over-year EBITDA and margin contraction in the quarter, although executives expect longer-term growth and margin improvement.
• Fourth-quarter reported revenue will face a $15 million–$20 million headwind from four fewer selling days, reducing consolidated core growth by roughly 150 basis points, with a particularly significant 300-basis-point impact expected in Advanced Healthcare Solutions.

Fortive Price Performance

Shares of FTV stock traded up $0.07 during trading hours on Friday, hitting $65.91. The company’s stock had a trading volume of 448,598 shares, compared to its average volume of 3,083,399. The company has a current ratio of 1.23, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. Fortive has a twelve month low of $49.03 and a twelve month high of $67.03. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.57 and a beta of 1.07. The business has a fifty day moving average of $57.66 and a 200-day moving average of $58.60.

Fortive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a dividend of $0.07 per share. The ex-dividend date was Friday, September 4th. This is an increase from Fortive’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. Fortive’s dividend payout ratio (DPR) is presently 13.33%.

Insider Buying and Selling at Fortive

In other news, SVP Peter C. Underwood sold 8,662 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.59, for a total value of $533,492.58. Following the completion of the transaction, the senior vice president directly owned 79,118 shares of the company’s stock, valued at $4,872,877.62. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FTV shares. Truist Financial reissued a “hold” rating and set a $65.00 target price (up from $63.00) on shares of Fortive in a research note on Thursday. Weiss Ratings upgraded Fortive from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Fortive from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday. Royal Bank Of Canada lifted their target price on Fortive from $59.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Evercore initiated coverage on shares of Fortive in a research report on Monday, September 28th. They set a “hold” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.36.

Fortive Company Profile

Fortive Corporation (NYSE: FTV) is a diversified industrial technology company that develops and provides products, software and services designed to improve the productivity, safety, reliability and efficiency of businesses and public-sector organizations. Its offerings support customers in industries including manufacturing, healthcare, utilities, transportation, commercial facilities and government.

The company’s portfolio includes electronic test and measurement equipment, calibration and asset-management solutions, workplace and facility-management software, engineering and infrastructure software, product identification and traceability systems, and healthcare technology.