Brokerages Set Fortive Corporation (NYSE:FTV) Target Price at $63.00

Fortive Corporation (NYSE:FTV) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $63.00.

A number of brokerages have commented on FTV. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortive in a research note on Friday, May 22nd. Truist Financial boosted their price objective on shares of Fortive from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Fortive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their target price on shares of Fortive from $59.00 to $63.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Finally, Citigroup lifted their price target on Fortive from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 1st.

Fortive News Roundup

Here are the key news stories impacting Fortive this week:

• Positive Sentiment: Fortive reported second-quarter adjusted EPS of $0.74, ahead of the $0.71 analyst consensus, while revenue reached approximately $1.10 billion versus expectations of $1.07 billion. Revenue increased 8% year over year. Fortive Reports Second Quarter 2026 Results
• Positive Sentiment: Underlying momentum improved: core revenue growth accelerated to 6.7%, adjusted EBITDA rose 12%, and adjusted EPS growth was 28%, according to the company. Management cited resilient demand in its industrial automation business as a key driver. Industrial products maker Fortive lifts profit view on strong automation business
• Positive Sentiment: Fortive raised its fiscal 2026 adjusted EPS guidance to $2.95–$3.05, broadly consistent with the $2.99 consensus, and highlighted improved cash generation and continued capital-allocation actions, including additional share repurchases. FTV Q2 Earnings Beat on Core Growth, Guidance Raised
• Neutral Sentiment: The company’s outlook implies continued growth, but the midpoint of the revised guidance is only slightly below or near some analyst expectations, limiting the potential for a major positive surprise. Fortive Q2 2026 Earnings Call Transcript
• Negative Sentiment: Reported EPS declined from $0.90 in the year-ago quarter to $0.74, even though revenue grew, which may have raised concerns about comparisons and earnings quality. With Fortive trading at a relatively elevated earnings multiple, investors may also have expected a larger guidance increase.

Fortive Trading Down 7.4%

Shares of Fortive stock opened at $59.38 on Thursday. Fortive has a 12-month low of $46.34 and a 12-month high of $64.56. The stock has a market cap of $17.96 billion, a P/E ratio of 35.56 and a beta of 1.06. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $61.02 and its 200-day moving average is $58.69.

Fortive (NYSE:FTV) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Fortive had a return on equity of 12.66% and a net margin of 12.84%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Fortive has set its FY 2026 guidance at 2.950-3.050 EPS. Equities research analysts predict that Fortive will post 2.98 earnings per share for the current fiscal year.

Fortive declared that its Board of Directors has approved a stock buyback program on Monday, May 4th that allows the company to buyback 20,000,000 shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 22nd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd. Fortive’s dividend payout ratio (DPR) is presently 14.37%.

Insider Buying and Selling at Fortive

In related news, SVP Peter C. Underwood sold 47,557 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $60.81, for a total transaction of $2,891,941.17. Following the transaction, the senior vice president directly owned 87,780 shares of the company’s stock, valued at approximately $5,337,901.80. The trade was a 35.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Fortive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DV Equities LLC bought a new position in shares of Fortive in the fourth quarter valued at about $25,000. Root Financial Partners LLC boosted its holdings in shares of Fortive by 43.6% during the 4th quarter. Root Financial Partners LLC now owns 553 shares of the technology company’s stock worth $31,000 after buying an additional 168 shares during the period. Main Street Group LTD bought a new stake in shares of Fortive during the 1st quarter worth about $31,000. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 357 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its stake in Fortive by 59.2% in the 1st quarter. Dakota Community Bank & Trust NA now owns 702 shares of the technology company’s stock valued at $39,000 after buying an additional 261 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

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.