Fortive (NYSE:FTV) Updates FY 2026 Earnings Guidance

Fortive (NYSE:FTVGet Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.900-3.000 for the period, compared to the consensus EPS estimate of 2.840. The company issued revenue guidance of -.

Fortive Stock Performance

Shares of FTV stock traded up $6.08 during trading on Wednesday, hitting $60.43. The company’s stock had a trading volume of 6,980,540 shares, compared to its average volume of 3,672,441. Fortive has a 52 week low of $46.34 and a 52 week high of $83.32. The business has a fifty day moving average of $54.51 and a 200-day moving average of $51.11. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The company has a market cap of $19.19 billion, a PE ratio of 34.59, a P/E/G ratio of 3.01 and a beta of 1.12.

Fortive (NYSE:FTVGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Fortive had a return on equity of 12.04% and a net margin of 11.72%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FTV. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $57.00 target price (up from $55.00) on shares of Fortive in a research report on Friday, January 16th. Robert W. Baird raised their price target on Fortive from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Barclays raised their price target on shares of Fortive from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Truist Financial restated a “hold” rating and set a $58.00 price target (up previously from $55.00) on shares of Fortive in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortive in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Fortive currently has an average rating of “Hold” and a consensus target price of $57.77.

View Our Latest Analysis on FTV

Key Fortive News

Here are the key news stories impacting Fortive this week:

Hedge Funds Weigh In On Fortive

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in shares of Fortive in the 3rd quarter worth $2,288,000. Danske Bank A S purchased a new stake in shares of Fortive during the 3rd quarter worth about $15,860,000. Caitong International Asset Management Co. Ltd increased its position in Fortive by 668.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,145 shares of the technology company’s stock worth $56,000 after purchasing an additional 996 shares in the last quarter. Camelot Portfolios LLC raised its holdings in Fortive by 68.8% in the third quarter. Camelot Portfolios LLC now owns 10,783 shares of the technology company’s stock valued at $528,000 after buying an additional 4,396 shares during the period. Finally, Keystone Financial Group lifted its position in Fortive by 55.0% during the third quarter. Keystone Financial Group now owns 10,145 shares of the technology company’s stock valued at $497,000 after buying an additional 3,600 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Fortive Company Profile

(Get Free Report)

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.

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