Fortive (FTV) to Release Earnings on Thursday

Fortive (NYSE:FTV) will post its quarterly earnings results after the market closes on Thursday, February 8th. Analysts expect Fortive to post earnings of $0.78 per share for the quarter.

Shares of Fortive (FTV) opened at $76.02 on Thursday. Fortive has a 1 year low of $54.50 and a 1 year high of $76.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.54 and a current ratio of 1.95. The company has a market cap of $26,420.00 and a P/E ratio of 28.69.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortive’s dividend payout ratio is 10.57%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Fortive from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reiterated a “buy” rating and set a $88.00 price target on shares of Fortive in a research report on Friday, January 26th. UBS Group assumed coverage on shares of Fortive in a research report on Monday, January 22nd. They set a “buy” rating for the company. Royal Bank of Canada reiterated a “hold” rating and set a $79.00 price target on shares of Fortive in a research report on Thursday, January 4th. Finally, Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fortive presently has an average rating of “Hold” and an average target price of $73.30.

In related news, insider James A. Lico sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the completion of the transaction, the insider now owns 166,014 shares in the company, valued at $12,142,263.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.10% of the stock is currently owned by insiders.

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About Fortive

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.

Earnings History for Fortive (NYSE:FTV)

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