Fortive (FTV) Stock Price, News & Analysis

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTV, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 1 year price targets for Fortive's shares. Their FTV share price targets range from $70.00 to $101.00. On average, they anticipate the company's stock price to reach $86.54 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
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Fortive's stock was trading at $73.63 on January 1st, 2024. Since then, FTV shares have increased by 8.9% and is now trading at $80.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our FTV earnings forecast.

Fortive will be holding an earnings conference call on Wednesday, April 24th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "6922572".

Fortive Co. (NYSE:FTV) issued its earnings results on Wednesday, January, 31st. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The technology company earned $1.58 billion during the quarter, compared to analysts' expectations of $1.56 billion. Fortive had a net margin of 14.27% and a trailing twelve-month return on equity of 12.12%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share.
Read the conference call transcript.

Fortive announced a quarterly dividend on Thursday, April 4th. Stockholders of record on Friday, May 31st will be given a dividend of $0.08 per share on Friday, June 28th. This represents a $0.32 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, May 31st.
Read our dividend analysis for FTV.

Fortive (NYSE:FTV) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTV will have a dividend payout ratio of 7.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTV.

ETFs with the largest weight of Fortive (NYSE:FTV) stock in their portfolio include Hennessy Stance ESG Large Cap ETF (STNC), Gabelli Automation ETF (GAST), Global X U.S. Infrastructure Development ETF (PAVE), WisdomTree U.S. AI Enhanced Value Fund (AIVL), Invesco Zacks Mid-Cap ETF (CZA), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Putnam Sustainable Leaders ETF (PLDR) and Invesco S&P 500 Pure Growth ETF (RPG).

Fortive updated its FY24 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of $3.73-3.85 for the period, compared to the consensus estimate of $3.68. The company issued revenue guidance of ~$6.4-6.5 billion, compared to the consensus revenue estimate of $6.35 billion.

25 employees have rated Fortive Chief Executive Officer James A. Lico on Glassdoor.com. James A. Lico has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortive investors own include Visa (V), Corbus Pharmaceuticals (CRBP), HP (HPQ), Lowe's Companies (LOW), NVIDIA (NVDA), Western Digital (WDC), Danaher (DHR), Micron Technology (MU), Intel (INTC) and Viveve Medical (VIVE).

Fortive's stock is owned by many different retail and institutional investors. Top institutional investors include Ferguson Wellman Capital Management Inc. (0.24%), Mountain Pacific Investment Advisers Inc. ID (0.08%), ST Germain D J Co. Inc. (0.06%), Addenda Capital Inc. (0.03%), Chesley Taft & Associates LLC (0.02%) and Shorepath Capital Management LLC (0.02%). Insiders that own company stock include Alan G Spoon, Barbara B Hulit, Charles E Mclaughlin, Christopher M Mulhall, Gwen L Shaneyfelt, Patrick K Murphy, Peter C Underwood, Peter C Underwood, Stacey A Walker, Steven M Rales and Tamara S Newcombe.
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Shares of FTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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