Traders sold shares of Fortive Corp (NYSE:FTV) on strength during trading on Tuesday. $22.02 million flowed into the stock on the tick-up and $61.06 million flowed out of the stock on the tick-down, for a money net flow of $39.04 million out of the stock. Of all stocks tracked, Fortive Corp had the 0th highest net out-flow for the day. Fortive Corp traded up $0.64 for the day and closed at $51.90

Several analysts have recently commented on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Fortive Corp in a research report on Saturday, July 9th. Citigroup Inc. lifted their price target on shares of Fortive Corp from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Fortive Corp in a research report on Thursday, August 4th. William Blair reaffirmed a “market perform” rating on shares of Fortive Corp in a research report on Thursday, July 7th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Fortive Corp in a research report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $52.63.

The company has a market capitalization of $17.91 billion and a PE ratio of 20.96. The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.

Fortive Corp (NYSE:FTV) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business earned $1.56 million during the quarter, compared to analyst estimates of $1.56 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that Fortive Corp will post $2.42 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, August 26th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 24th.

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