Somewhat Positive Press Coverage Somewhat Unlikely to Affect Fortive (FTV) Share Price
Press coverage about Fortive (NYSE:FTV) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortive earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.6866963145326 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Fortive Corp (FTV) Shares Bought by First Republic Investment Management Inc. (americanbankingnews.com)
- Suntrust Banks Inc. Reduces Holdings in Fortive Corp (FTV) (americanbankingnews.com)
- Intraday Trade Secrets – Fortive Corporation (NYSE: FTV) – Alpha Beta Stock (alphabetastock.com)
- Fortive Corporation (FTV) Ex-Dividend Date Scheduled for February 22, 2018 – Nasdaq (nasdaq.com)
- Fortive: I Missed The Party – Seeking Alpha (seekingalpha.com)
FTV has been the subject of a number of recent analyst reports. Barclays initiated coverage on Fortive in a research report on Thursday, February 15th. They issued an “overweight” rating and a $86.00 price objective for the company. BMO Capital Markets lowered their price objective on Fortive from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. SunTrust Banks reissued a “buy” rating and issued a $81.00 price objective on shares of Fortive in a research report on Friday, October 27th. Zacks Investment Research raised Fortive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, February 14th. Finally, Citigroup raised their price objective on Fortive from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Fortive currently has an average rating of “Buy” and a consensus price target of $77.50.
Fortive (NYSE:FTV) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. equities research analysts predict that Fortive will post 3.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. Fortive’s dividend payout ratio is currently 10.14%.
Fortive Company Profile
Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.
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