Wall Street brokerages expect Fortive Corporation (NYSE:FTV) to post earnings of $0.78 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Fortive Corporation’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.79. Fortive Corporation reported earnings of $0.68 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The firm is scheduled to report its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Fortive Corporation will report full year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.81 to $2.87. For the next financial year, analysts anticipate that the business will report earnings of $3.20 per share, with EPS estimates ranging from $3.08 to $3.25. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Fortive Corporation.

Fortive Corporation (NYSE:FTV) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $0.65 EPS. Fortive Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Several research firms recently commented on FTV. Stifel Nicolaus upped their price target on shares of Fortive Corporation from $62.00 to $72.00 and gave the company a “hold” rating in a research report on Friday. Citigroup Inc. upped their price target on shares of Fortive Corporation from $72.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $81.00 price target on shares of Fortive Corporation in a research report on Friday. Zacks Investment Research upgraded shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $66.00 price target (up previously from $65.00) on shares of Fortive Corporation in a research report on Sunday, July 30th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.10.

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In related news, CFO Charles E. Mclaughlin sold 6,565 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $66.09, for a total value of $433,880.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FTV. Vanguard Group Inc. lifted its holdings in Fortive Corporation by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 20,614,201 shares of the technology company’s stock valued at $1,305,909,000 after purchasing an additional 620,784 shares in the last quarter. BlackRock Inc. lifted its holdings in Fortive Corporation by 11.7% in the 2nd quarter. BlackRock Inc. now owns 18,488,658 shares of the technology company’s stock valued at $1,171,255,000 after purchasing an additional 1,934,309 shares in the last quarter. State Street Corp lifted its holdings in Fortive Corporation by 1.4% in the 1st quarter. State Street Corp now owns 12,557,670 shares of the technology company’s stock valued at $756,215,000 after purchasing an additional 174,619 shares in the last quarter. Capital World Investors lifted its holdings in Fortive Corporation by 37.9% in the 2nd quarter. Capital World Investors now owns 9,834,197 shares of the technology company’s stock valued at $622,996,000 after purchasing an additional 2,701,496 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Fortive Corporation by 41.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,330,651 shares of the technology company’s stock valued at $210,997,000 after purchasing an additional 971,997 shares in the last quarter. 78.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fortive Corporation (NYSE FTV) traded down 0.07% on Tuesday, reaching $72.41. 419,783 shares of the company’s stock were exchanged. Fortive Corporation has a one year low of $49.73 and a one year high of $74.38. The firm has a market capitalization of $25.13 billion, a P/E ratio of 28.52 and a beta of 0.37. The firm has a 50 day moving average of $71.10 and a 200 day moving average of $65.68.

About Fortive Corporation

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

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Earnings History and Estimates for Fortive Corporation (NYSE:FTV)

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