Fortive Corporation (FTV) To Go Ex-Dividend on March 13th

Fortive Corporation (NYSE:FTV) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 13th will be given a dividend of 0.06 per share by the technology company on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, March 13th.

Fortive has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortive has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fortive to earn $4.38 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.5%.

Fortive Trading Up 2.5%

Shares of NYSE:FTV opened at $59.78 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $18.99 billion, a PE ratio of 34.55, a P/E/G ratio of 3.14 and a beta of 1.12. Fortive has a 1 year low of $46.34 and a 1 year high of $80.86. The firm has a fifty day moving average price of $56.03 and a 200 day moving average price of $52.19.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. 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.

About Fortive

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.