Fortive (NYSE:FTV) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Fortive (NYSE:FTV) had its price objective raised by equities research analysts at Morgan Stanley from $53.00 to $58.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective indicates a potential upside of 4.37% from the company’s current price.

Other analysts have also issued reports about the stock. Mizuho reiterated an “underperform” rating and set a $51.00 target price (down from $54.00) on shares of Fortive in a research report on Monday, January 5th. Wells Fargo & Company raised their price target on shares of Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on Fortive from $57.00 to $63.00 and gave the company an “underweight” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Finally, Barclays boosted their price target on Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.23.

Fortive Stock Up 1.3%

Shares of FTV opened at $55.57 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. The company has a 50-day simple moving average of $56.40 and a 200-day simple moving average of $53.06. Fortive has a 52 week low of $46.34 and a 52 week high of $76.54. The firm has a market capitalization of $17.11 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.96 and a beta of 1.10.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Fortive had a return on equity of 11.98% and a net margin of 12.48%.Fortive’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. On average, equities research analysts expect that Fortive will post 4.05 earnings per share for the current year.

Insider Activity

In other news, Director Kate Mitchell sold 7,131 shares of the company’s stock in a transaction 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 transaction, the director owned 31,775 shares of the company’s stock, valued at $1,853,753.50. This represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.92% of the stock is owned by company insiders.

Institutional Trading of Fortive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DV Equities LLC bought a new position in shares of Fortive in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. raised its stake in shares of Fortive by 246.2% during the first quarter. Geneos Wealth Management Inc. now owns 502 shares of the technology company’s stock worth $37,000 after buying an additional 357 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Fortive by 43.6% during the fourth 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 last quarter. Quent Capital LLC acquired a new position in Fortive in the third quarter valued at approximately $28,000. Finally, Exchange Traded Concepts LLC boosted its stake in Fortive by 46.7% in the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock valued at $36,000 after acquiring an additional 236 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.