Fortive Target of Unusually High Options Trading (NYSE:FTV)

Fortive Corporation (NYSE:FTV) saw unusually large options trading activity on Tuesday. Stock investors acquired 8,326 put options on the stock. This is an increase of approximately 3,298% compared to the average volume of 245 put options.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Fortive from $56.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Citigroup boosted their target price on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Wells Fargo & Company boosted their price target on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research note on Monday, December 29th. Finally, Truist Financial reissued a “hold” rating and issued a $58.00 price target (up previously from $55.00) on shares of Fortive in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.85.

Fortive Stock Down 0.1%

Fortive stock traded down $0.08 during midday trading on Tuesday, hitting $56.82. 1,639,586 shares of the stock were exchanged, compared to its average volume of 4,468,431. Fortive has a 52-week low of $46.34 and a 52-week high of $83.32. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $55.52 and its 200-day moving average price is $51.66. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.07 and a beta of 1.12.

Fortive (NYSE:FTV) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a net margin of 12.48% and a return on equity of 11.98%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, research analysts expect that Fortive will post 4.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC grew its position in shares of Fortive by 815.4% during the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after purchasing an additional 424 shares in the last quarter. Quent Capital LLC purchased a new position in Fortive during the third quarter worth about $28,000. Root Financial Partners LLC increased its stake in Fortive by 43.6% in the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after acquiring an additional 168 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Fortive by 46.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after acquiring an additional 236 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Fortive by 246.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock valued at $37,000 after acquiring an additional 357 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

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.