Fortive Corporation (NYSE:FTV) Given Consensus Rating of “Hold” by Brokerages

Shares of Fortive Corporation (NYSE:FTV) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.1667.

Several equities research analysts have issued reports on FTV shares. Mizuho reissued an “underperform” rating and issued a $51.00 price target (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Robert W. Baird set a $65.00 target price on shares of Fortive in a research note on Thursday, February 5th. Zacks Research upgraded shares of Fortive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Citigroup boosted their target price on shares of Fortive from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th.

Fortive Trading Up 2.5%

Shares of Fortive stock opened at $59.82 on Tuesday. The firm has a market capitalization of $18.42 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.58. The company’s fifty day moving average price is $57.08 and its two-hundred day moving average price is $54.10. Fortive has a 52-week low of $46.34 and a 52-week high of $74.67.

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

Fortive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, March 13th. Fortive’s payout ratio is currently 13.87%.

Insider Activity at Fortive

In other news, Director Kate Mitchell sold 7,131 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value of $416,022.54. Following the sale, the director owned 31,775 shares in the company, valued at approximately $1,853,753.50. The trade was a 18.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Fortive

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dodge & Cox boosted its stake in shares of Fortive by 3.7% in the 4th quarter. Dodge & Cox now owns 44,157,822 shares of the technology company’s stock valued at $2,437,953,000 after purchasing an additional 1,562,028 shares in the last quarter. Viking Global Investors LP boosted its stake in shares of Fortive by 28.7% in the 3rd quarter. Viking Global Investors LP now owns 20,483,680 shares of the technology company’s stock valued at $1,003,495,000 after purchasing an additional 4,571,056 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Fortive by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,046,352 shares of the technology company’s stock worth $1,106,760,000 after buying an additional 4,532,031 shares in the last quarter. Norges Bank acquired a new position in Fortive during the 4th quarter worth about $491,928,000. Finally, Geode Capital Management LLC lifted its position in Fortive by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,787,747 shares of the technology company’s stock worth $483,327,000 after buying an additional 116,939 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Fortive

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.