Fortive Corporation (NYSE:FTV) Receives $57.85 Consensus PT from Analysts

Fortive Corporation (NYSE:FTV) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $57.6154.

FTV has been the subject of several recent analyst reports. Truist Financial restated a “hold” rating and set a $58.00 price objective (up from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Mizuho reaffirmed an “underperform” rating and set a $51.00 price target (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Citigroup upped their price objective on shares of Fortive from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Finally, Robert W. Baird increased their price objective on shares of Fortive from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th.

Insiders Place Their Bets

In other Fortive news, SVP Stacey A. Walker sold 2,192 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $50.35, for a total value of $110,367.20. Following the completion of the transaction, the senior vice president owned 59,488 shares of the company’s stock, valued at $2,995,220.80. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by corporate insiders.

Institutional Trading of Fortive

Several hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC lifted its position in shares of Fortive by 815.4% in the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after purchasing an additional 424 shares during the period. Geneos Wealth Management Inc. raised its stake in Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after buying an additional 357 shares during the last quarter. Banque Transatlantique SA lifted its holdings in Fortive by 92.8% in the first quarter. Banque Transatlantique SA now owns 561 shares of the technology company’s stock valued at $38,000 after buying an additional 270 shares during the period. Quent Capital LLC acquired a new position in Fortive in the third quarter valued at $28,000. Finally, Exchange Traded Concepts LLC boosted its position in Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after acquiring an additional 236 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Fortive Price Performance

Shares of NYSE:FTV opened at $55.01 on Friday. The firm has a 50 day moving average of $53.51 and a 200-day moving average of $51.28. Fortive has a 12 month low of $46.34 and a 12 month high of $83.32. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $17.47 billion, a PE ratio of 31.43, a PEG ratio of 3.09 and a beta of 1.13.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Monday, June 9th. The technology company reported $0.80 earnings per share (EPS) for the quarter. Fortive had a net margin of 11.72% and a return on equity of 12.04%. The business had revenue of $1.07 billion for the quarter. Fortive has set its FY 2025 guidance at 2.630-2.67 EPS. On average, equities research analysts predict that Fortive will post 4.05 EPS for the current fiscal year.

Fortive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, November 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s dividend payout ratio (DPR) is 13.71%.

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.