Shares of Fortive Co. (NYSE:FTV – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $86.45.
FTV has been the subject of several research analyst reports. Barclays decreased their target price on Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Fortive from $85.00 to $77.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. UBS Group started coverage on Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price objective for the company. StockNews.com downgraded Fortive from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Truist Financial lifted their price objective on Fortive from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 19th.
View Our Latest Analysis on FTV
Insider Transactions at Fortive
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Novare Capital Management LLC raised its stake in Fortive by 9.0% in the 4th quarter. Novare Capital Management LLC now owns 94,638 shares of the technology company’s stock valued at $7,098,000 after purchasing an additional 7,844 shares during the last quarter. Brighton Jones LLC raised its stake in Fortive by 97.1% in the 4th quarter. Brighton Jones LLC now owns 5,706 shares of the technology company’s stock valued at $428,000 after purchasing an additional 2,811 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Fortive by 18.6% in the 4th quarter. Daymark Wealth Partners LLC now owns 14,704 shares of the technology company’s stock valued at $1,103,000 after purchasing an additional 2,311 shares during the last quarter. Albion Financial Group UT purchased a new stake in Fortive in the 4th quarter valued at $38,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Fortive by 1.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 96,614 shares of the technology company’s stock worth $7,246,000 after acquiring an additional 1,110 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.
Fortive Trading Up 2.4 %
Shares of FTV opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. Fortive has a 1 year low of $66.15 and a 1 year high of $87.10. The company has a 50 day simple moving average of $76.74 and a two-hundred day simple moving average of $74.89. The firm has a market cap of $28.03 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.
Fortive (NYSE:FTV – Get Free Report) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. Fortive had a net margin of 14.35% and a return on equity of 12.56%. Fortive’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts expect that Fortive will post 3.84 earnings per share for the current fiscal year.
Fortive Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Fortive’s payout ratio is 12.75%.
Fortive Company Profile
Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.
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