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

Shares of Fortive Corporation (NYSE:FTV) have been given a consensus rating of “Hold” by the fifteen analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.8462.

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Fortive in a research report on Monday, December 29th. Wells Fargo & Company increased their target price on Fortive from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Mizuho reissued an “underperform” rating and set a $51.00 price target (down from $54.00) on shares of Fortive in a report on Monday, January 5th. Truist Financial reaffirmed 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. Finally, Zacks Research upgraded Fortive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th.

Insider Buying and Selling

In other Fortive news, Director Kate Mitchell sold 7,131 shares of Fortive stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.34, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. True Wealth Design LLC raised its position in Fortive by 815.4% during the second quarter. True Wealth Design LLC now owns 476 shares of the technology company’s stock valued at $25,000 after purchasing an additional 424 shares in the last quarter. DV Equities LLC bought a new position in shares of Fortive in the 4th quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Fortive during the 3rd quarter worth $28,000. Root Financial Partners LLC lifted its position in shares of Fortive by 43.6% during the 4th 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. 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 buying an additional 236 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Fortive Stock Up 0.6%

FTV stock opened at $58.20 on Monday. Fortive has a 1-year low of $46.34 and a 1-year high of $81.86. The business’s 50 day simple moving average is $55.77 and its 200 day simple moving average is $51.95. 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 firm has a market capitalization of $18.49 billion, a PE ratio of 33.64, a PEG ratio of 3.14 and a beta of 1.12.

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

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.