Fortive Corporation (NYSE:FTV) Receives $61.23 Average Target Price from Analysts

Shares of Fortive Corporation (NYSE:FTV) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $61.2308.

A number of brokerages recently issued reports on FTV. Mizuho restated an “underperform” rating and issued a $51.00 price objective (down from $54.00) on shares of Fortive in a research note on Monday, January 5th. Royal Bank Of Canada increased their target price on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th. Morgan Stanley lifted their target price on shares of Fortive from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Wells Fargo & Company boosted their price target on shares of Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Citigroup upped their price target on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th.

Insider Activity

In other news, Director Kate Mitchell sold 7,131 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total value of $416,022.54. Following the completion of the transaction, the director directly owned 31,775 shares of the company’s stock, valued at $1,853,753.50. This trade represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortive

A number of institutional investors have recently added to or reduced their stakes in the stock. Dodge & Cox increased its position in shares of Fortive by 3.7% during the fourth quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock valued at $2,437,953,000 after buying an additional 1,562,028 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Fortive by 2.2% in the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after buying an additional 839,321 shares in the last quarter. Viking Global Investors LP boosted its position in shares of Fortive by 28.7% in the third quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after acquiring an additional 4,571,056 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Fortive by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock valued at $1,106,760,000 after acquiring an additional 4,532,031 shares in the last quarter. Finally, State Street Corp grew its stake in Fortive by 0.7% during the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock valued at $738,013,000 after acquiring an additional 92,222 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Fortive Price Performance

Shares of NYSE FTV opened at $55.15 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 fifty day simple moving average of $56.40 and a two-hundred day simple moving average of $53.19. Fortive has a 1-year low of $46.34 and a 1-year high of $76.54. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10.

Fortive (NYSE:FTV) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Analysts anticipate that Fortive will post 4.05 earnings per share for the current year.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, March 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Fortive’s dividend payout ratio is currently 13.87%.

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.