Fortive Corporation (NYSE:FTV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Fortive Corporation (NYSE:FTV) have earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $60.8462.

A number of analysts have weighed in on the stock. Zacks Research raised shares of Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Royal Bank Of Canada lifted their target price on shares of Fortive from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Fortive from $57.00 to $63.00 and gave the stock an “underweight” rating in a report on Wednesday, February 11th. Finally, Morgan Stanley boosted their price objective on Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th.

Fortive Trading Up 0.6%

FTV opened at $58.20 on Monday. The company has a market cap of $18.49 billion, a P/E ratio of 33.64, a PEG ratio of 3.14 and a beta of 1.12. 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 company’s 50 day moving average is $55.77 and its 200-day moving average is $51.95. Fortive has a 1-year low of $46.34 and a 1-year high of $81.86.

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

Insider Buying and Selling

In other news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $58.34, for a total transaction of $416,022.54. Following the completion of the sale, the director owned 31,775 shares in the company, valued at $1,853,753.50. The trade was a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTV. Assenagon Asset Management S.A. lifted its stake in shares of Fortive by 56.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 77,550 shares of the technology company’s stock worth $3,799,000 after acquiring an additional 27,908 shares during the last quarter. Voya Investment Management LLC grew its position in Fortive by 14.0% in the 3rd quarter. Voya Investment Management LLC now owns 507,055 shares of the technology company’s stock valued at $24,841,000 after acquiring an additional 62,127 shares during the last quarter. Brookstone Capital Management increased its stake in Fortive by 49.8% in the third quarter. Brookstone Capital Management now owns 76,393 shares of the technology company’s stock worth $3,742,000 after purchasing an additional 25,397 shares during the period. Vanguard Group Inc. lifted its position in shares of Fortive by 2.2% during the second quarter. Vanguard Group Inc. now owns 39,413,849 shares of the technology company’s stock worth $2,054,644,000 after purchasing an additional 839,321 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Fortive by 0.7% during the second quarter. State Street Corp now owns 14,157,168 shares of the technology company’s stock worth $738,013,000 after purchasing an additional 92,222 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

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.