Fortive Sees Unusually High Options Volume (NYSE:FTV)

Fortive Corporation (NYSE:FTV) was the recipient of some unusual options trading on Tuesday. Traders bought 8,326 put options on the stock. This is an increase of approximately 3,298% compared to the average daily volume of 245 put options.

Institutional Trading of Fortive

A number of large investors have recently modified their holdings of the stock. True Wealth Design LLC grew its stake in Fortive by 815.4% during the 2nd quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock worth $25,000 after purchasing an additional 424 shares in the last quarter. DV Equities LLC purchased a new position in shares of Fortive in the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new position in shares of Fortive during the third quarter worth about $28,000. Root Financial Partners LLC grew its position 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 in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Fortive by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 741 shares of the technology company’s stock worth $36,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

FTV has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Fortive from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Royal Bank Of Canada upped their price objective on shares of Fortive from $56.00 to $65.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. Morgan Stanley boosted their target price on shares of Fortive from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Barclays increased their price target on shares of Fortive from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, Truist Financial reiterated a “hold” rating and issued a $58.00 price objective (up from $55.00) on shares of Fortive in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Fortive has a consensus rating of “Hold” and a consensus target price of $60.85.

Fortive Stock Down 0.2%

Fortive stock opened at $56.77 on Wednesday. The company has a market capitalization of $18.03 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.71. Fortive has a fifty-two week low of $46.34 and a fifty-two week high of $83.32. The firm has a 50 day moving average price of $55.58 and a 200 day moving average price of $51.73.

Fortive (NYSE:FTV) last posted its quarterly earnings data 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. Fortive had a return on equity of 11.98% and a net margin of 12.48%.The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Fortive has set its FY 2026 guidance at 2.900-3.000 EPS. Research analysts expect that Fortive will post 4.05 earnings per share for the current year.

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.